Exactly, what was missing was specifying “I am holding european assets and I am a mexican investor”.
If euro appreciates, to hedge you need to sell euro, so you sell what appreciates, selling high buying low - > + roll yield …
Exactly, what was missing was specifying “I am holding european assets and I am a mexican investor”.
If euro appreciates, to hedge you need to sell euro, so you sell what appreciates, selling high buying low - > + roll yield …