Using below information: Current spot rate CAD1 = USD 0.95 Annual interest rate in Canada: 2% Annual interest rate in US: 6% Applying International Fishier Effect theory, what should be the expected future spot rate for CAD? Use 4 numbers after decimal point.
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Using below information:
Current spot rate CAD1 = USD 0.95
Annual interest rate in Canada: 2%
Annual interest rate in US: 6%
Applying International Fishier Effect theory, what should be the expected future spot rate for CAD?
Use 4 numbers after decimal point.
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