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Look at the Currency Futures sheet from WSJ on February 5, 2015). Your focus is to look at the 5th column titled Settle: here is

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Look at the Currency Futures sheet from WSJ on February 5, 2015). Your focus is to look at the 5th column titled "Settle": here is an example on euro: Euro (CME) - 125,000 (per contract), $ per ($ ). Using the Futures quotations in WSJ on February 5, 2015. Note that the June 2015 Euro futures contract has a price of $1.3530 per euro. You believe the spot price in June will be $1.3680 per euro. What speculative position would you enter into to attempt to profit from your beliefs? i Calculate your anticipated profits, assuming you take a position in one contract (1 contract size is 125,000 units). What is the size of your profit (loss) if the future price is indeed an unbiased predictor of the future spot price and this price materializes

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