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The euro 1yr rate is 4%. The US 1yr rate is 3%. The current spot rate is 1.20 $/. What is the current 1year forward

The euro 1yr rate is 4%. The US 1yr rate is 3%. The current spot rate is 1.20 $/.

What is the current 1year forward rate? Based on answer above, do you expect the dollar to strengthen?

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