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If the spot rate is USD/CAN1.31 and the 1-month forward rate is USD/CAN1.25, which of the following is the best description? Answers The USD is

If the spot rate is USD/CAN1.31 and the 1-month forward rate is USD/CAN1.25, which of the following is the best description?

Answers

The USD is trading at a forward discount only

The CAN is trading at a forward premium only

The USD is trading at a forward discount and the CAN is trading at a forward premium

The CAN is trading at a forward discount only

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