mix match

- A. B. C. D. E. F.	If currencies A and B move in same direction
- A. B. C. D. E. F.	When currency A appreciates against the dollar by a greater (smaller) degree than currency B
- A. B. C. D. E. F.	When currency A appreciates (depreciates) against the dollar, while currency B is unchanged against the dollar
- A. B. C. D. E. F.	Institutional speculation
- A. B. C. D. E. F.	Speculation by individuals
- A. B. C. D. E. F.	Carry Trade

A.	speculate in foreign currencies by many single investors in public
B.	there is no change in the cross exchange rate
C.	investors attempt to capitalize on the differential in interest rates between two countries
D.	When financial institutions believe that a currency is valued lower than it should be in the foreign exchange market, they may invest in that currency before it appreciates
E.	currency A appreciates (depreciates) against B
F.	currency A appreciates (depreciates) against currency B by the same degree as it appreciates (depreciates) against the dollar