3-Month USD/CHF Is Quoted at 112/110

question 162

Multiple Choice

3-month USD/CHF is quoted at 112/110. Interest rates in Switzerland are reduced but USD rates (which are higher) are unchanged. What would you expect the 3-month forward USD/CHF rate to be?

• A) unchanged
• B) 118/116
• C) 109/107
• D) 106/104

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