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The forward rates progressively require fewer and fewer US dollars per Australian dollar. The dollar is therefore selling forward at a premium, and simultancously, the

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The forward rates progressively require fewer and fewer US dollars per Australian dollar. The dollar is therefore selling forward at a premium, and simultancously, the Australian dollar would be said to be selling forward at a discount. 2. You receive the following quotes for Swiss franes ugainst the dollar for spot, one-month forward, 3-months forward, and 6 months forward

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