Pretend your home currency is USD. Pretend you are going to invest $10,000 each in 4 foreign currencies (so, this is a $40,000 investment total) by going either long or short in them. Your objective is to make profit from your foreign currency investment. You cannot go long in all 4 currencies. You cannot go short in all 4 currencies. For each currency, explain why you went either long or short in them.
IMPORTANT: When you submit your paper, make sure you report the most recent exchange rate (in USD) for each of your 4 currencies.
NOTES: You must choose currencies that freely float. Do NOT invest in a commodity, such as gold. Do NOT invest in a cryptocurrency, such as Bitcoin.
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