Question anout 6A futures and Spot forex

Beginner Questions
1

Hi,

Does the 6A move in the same direction as the USD/AUD. Is the only difference that the price is quoted in Aussie dollars instead od US dollar? Is this correct.

Thank you

2

[B]No[/B] - the opposite: it moves in the same direction as the [B]AUD/USD[/B]: when the price of AUD/USD increases, the price of 6A futures also increases.

(This is perhaps what you intended to ask, though?).

[B]No[/B] - the price is quoted in [B]US[/B] dollars. It measures the value of an Australian dollar in terms of US dollars (an Australian dollar, at the moment, is worth about three quarters of an American dollar, so the price ought to be around 0.75).

There are other differences, of course, between spot forex and CME currency futures, but I think the comments above probably answer what you wanted to know? If not, ask more … :wink:

3

Thanks for clearing that up :slight_smile: