Assertion: speculator | /r/CapableOf | engage in uncovered interest arbitrage
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text: If this speculator relies on his expectations regarding the future spot rate to sell his euros and, therefore, sells those euros in the future spot market, he engages in an uncovered interest arbitrage: When a speculator has a forward contract with a predetermined forward rate at which he’ll sell currency in the future, this time he engages in covered interest arbitrage.