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How can foreign exchange traders profit from exchange rates

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Reference no: EM132892386

Suppose US$1 = €0.7809 in New York and US$1 = €0.7793 in Paris.

How can foreign exchange traders profit from these exchange rates?

What actions can they take that may result in the same dollar/euro exchange rate in both New York and Paris?

Reference no: EM132892386

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