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The current Euro (EUR)-US$ exchange rate is EUR 0.8547/$. The quoted 90- day forward rate is EUR 0.8696/$. The EUR is thus trading at a

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The current Euro (EUR)-US$ exchange rate is EUR 0.8547/$. The quoted 90- day forward rate is EUR 0.8696/$. The EUR is thus trading at a forward because the market expects the Euro to against the US $. Premium; appreciate Premium; depreciate Discount; depreciate Discount; appreciate

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