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If the US dollar buys more units of a foreign currency in the forward than in...

If the US dollar buys more units of a foreign currency in the forward than in the spot market, the foreign currency is selling at a discount, is the dollar expected to appreciate or depreciate?

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If the US dollar buys more units of a foreign currency in the forward than in the spot market, the foreign currency is selling at a discount and the dollar is expected to appreciate, since in the forward market it is able to buy more units of a foreign currency.

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