“A new innovative measure… a forex reserve… for every long position on the forwards… importer demand is going to come down substantially… exporter will be incentivized because of the higher forward premium”

The Core Report · #1003 Large Caps Continue To Take A Beating

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What was described

created a forex reserve for every long position on forward contracts to curb speculative hedging

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“We create implied forward rates based on the reserve contracts we see that’s transacted… It’s implied based on reserve contracts, not futures.”
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