NO.PZ2020020601000060
问题如下：
Until recently, Country A and Country B had similar interest rates. The central bank of Country A has just increased interest rates. A speculator thinks this will lead to international investors moving funds from Country B’s currency to Country A’s currency to earn the higher interest rate. This will increase the demand for currency A, and as a result, currency A will strengthen relative to currency B. What spot or forward trades should the speculator do?
选项：
解释：
The speculator thinks that currency A will strengthen. However, interest rate parity indicates that it is weaker in the forward market. If the speculator is right, he or she will make money by buying currency A with currency B in the spot market and then selling it on the delivery date.
“However, interest rate parity indicates that it is weaker in the forward market”.和“buying currency A with currency B in the spot market and then selling it on the delivery date.”是不是没有关系啊？前一句是说根据利率平价理论，currencyA相对于B会贬值，按这个逻辑，应该做空currencyA，那就是先borrow A，投资获得收益，同时签订long forward协议，未来买A还期初借来的A。但后面这句话就是针对speculator判断的currency A相对于B会升值的做法，即期初买A，期末以高价卖A。
