A foreign exchange trader with a U.S. bank took a short position of £5,000,000 when the $£ exchange rate was 116. Subseq

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A foreign exchange trader with a U.S. bank took a short position of £5,000,000 when the $£ exchange rate was 116. Subseq

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A Foreign Exchange Trader With A U S Bank Took A Short Position Of 5 000 000 When The Exchange Rate Was 116 Subseq 1
A Foreign Exchange Trader With A U S Bank Took A Short Position Of 5 000 000 When The Exchange Rate Was 116 Subseq 1 (17.26 KiB) Viewed 78 times
A foreign exchange trader with a U.S. bank took a short position of £5,000,000 when the $£ exchange rate was 116. Subsequently, the exchange rate has changed to 122. Is this movement in the exchange rate good from the point of view of the position taken by the trader? By how much has the bank's liability changed because of the change in exchange rate? is this movement good from the trader's position? Change in bank's liability No 3.000.000 $
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