November 2011
Beginner
335 pages
9h 33m
English
Content preview from Inside the Currency Market: Mechanics, Valuation, and Strategies
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Conclusion
Now that monetary policy, short-term interest rates, and spot prices are established, the next juncture is to price interest rates in terms of open-market instruments. Deposit rates, the understanding of the floor, and the bid in interest rates were established in this chapter. But that is only one side of the currency pair equation. The next question is how far will rates travel and what instruments to employ to gauge the spot price?
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