“So I thought I would throw my hat in the ring
The interest rates in USA and Europe being very low, the interest rate differential between the USD and the EUR is negligible. As such, the forward rate for the EURUSD is almost the same as the spot rate. For instance, on 14 May, the 3 mth USD Libor is 0.47% while the 3 mth EUR Libor is 0.62%.
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