Thoruer Tur LITE speculator take auvantage TUMUTE expecteu Spottate tange CUK, TE STIVUTU. borrow in USD and invest in EUR Oborrow in EUR and invest in USD Question 49 1 pts A currency speculator expects the spot rate of EUR to change from USD 1.00 to USD 1.10 in one year. Assume the speculator has access to credit lines of USD 10,000,000 in the US and EUR 10,000,000 in Europe. The annual borrowing and lending rates are 3% in US and 2% in Europe. If his forecast is correct, the speculator's expected profit at the end of the year will be: EUR 920.000 USD 100.000 USD 920,000 EUR 100.000 1 pts Question 50 A currency speculator expects the spot rate of EUR to change from USD 1.00 to USD 1.10 in one year. Assume the speculator has access to credit lines of USD 10,000,000 in the US and EUR 10,000,000 in Europe. The annual borrowing and lending rates are 3% in US and 2% in Europe. Cumin Shifts in the Foreign Exchange (FX) Market