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Question 3 (10 marks) Suppose you are a FX trader at UBS. A client calls for a AUD quote. You quote 0.7145/0.7158.. Client buys AUD

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Question 3 (10 marks) Suppose you are a FX trader at UBS. A client calls for a AUD quote. You quote 0.7145/0.7158.. Client buys AUD 300,000 against USD. a. (2 marks) At what rate is the deal done? b. (2 mark) What is your position (long or short) in AUD (how much)? c (2 mark) What is your position (long or short) in USD (how much)? d. (4 marks) Suppose 30 minutes after the client's deal was done, the market AUD/USD exchange rate moved to 0.7295/0.7307. What is the profit or loss status and how much in either AUD or USD) of your position

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