The following is the Euro forward rates from Chicago Mercantile Exchange: Foreign Currency in US$ Euro () 1.4000 1-month forward 1.3963 3-month forward 1.3919 6-month forward 1,3800 12-month forward 1.3737 From the forward rate, we can see that market participants expect that to depreciate in the future. USD Euro The is trading at a forward discount. e USD Euro LEGO The 6-month forward premium/discount is % (please write your answer in percentage, use negative sign in front of the number to indicate forward discount, and leave 2 decimal points).