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Suppose the spot price of the euro is currently USD 1.67 and the 1-year forward priceis USD 1.56.Is the 1-year interest rate higher in the U.S. or in the euro zone?

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Suppose the spot price of the euro is currently USD 1.67 and the 1-year

forward price is USD 1.56.Is the 1-year interest rate higher in the U.S. or in the euro zone?

 
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