Question: Consider a short position in the /$ futures contract specifying 62,500, quoted in 1.95, and maturing in 3 months. The initial margin requirement is $2,000

Consider a short position in the /$ futures contract specifying 62,500, quoted in 1.95, and maturing in 3 months. The initial margin requirement is $2,000 and the maintenance margin is $1,500. Fill the table below. Please show your analysis in detail. Please do not attach a file in your posts.

Day

Opening or

settle FX rate

Margin adjustment

Deposit or withdrawal

Margin account

Day 0

= 1.9500

Day 1

= 1.9400

Day 2

= 1.9560

Day 3

= 1.9600

Day 4

= 1.9460

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