下面这道题关于correlation的部分，我理解到CME中的overshot mechanism去了，，，短期foreign asset return和foreign currency return可能是正相关的，所以判断它错，这个思路对吗? 谢谢老师
问题如下：
Dias has asked whether it would be appropriate for him to hedge his foreign currency exposure. Campos raises the issue with Traldi and Peixaria. Traldi responds, "In the short run, if the correlation between foreign asset returns and foreign currency returns is negative, then there may be a need to hedge all foreign currency exposure. Alternatively, one could implement a currency overlay program in which the currency exposure is fully hedged and currency alpha is generated separately. This currency overlay strategy will only be successful in adding value to the portfolio if the currency alpha has a high correlation with Brazilian equities and corporate bonds."
In her response regarding hedging foreign currency exposure in Dias's portfolio, Traldi is most likely:
选项：
A.
correct about the correlations and the currency overlay program
B.
incorrect about the correlations, but correct about the currency overlay program
C.
incorrect about the correlations and the currency overlay program
解释：
Correct Answer: C
