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Suppose that the spot US Dollar price of the Canadian Dollar was $0.90 and the180 day forward rate is $0.9180. What does the forward price

Suppose that the spot US Dollar price of the Canadian Dollar was $0.90 and the180 day forward rate is $0.9180. What does the forward price relative to the spot price tell us about the predicted direction of the Canadian dollar? Please describe the two types of participants in the forward FX market. What determines the level of the bid-ask spread for a currency price

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