You notice the following hypothetical exchange rates in the newspaper. :$spot = 1.46 :$ three-month forward =
Question:
£:$spot = 1.46
£:$ three-month forward = 1.42
$:SFrspot = 1.60
$:SFr three-month forward = 1.65
In the language of currency traders, would the £ be considered strong or weak relative to the dollar? What about the Swiss franc?
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