Dual currency forwards to the rescue
Background: An investor believes that the US dollar will weaken against Asian currencies, with most of the move occurring over the next six months. There has been a recent rebound in US dollar strength, and this is viewed as a good opportunity to put on a position to express this view. However, the investor is concerned about an overshoot of US dollar strength, and is considering ways of enhancing the entry rate of the trade without leveraging the position.
Problem: The current six-month
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