3-month EUR/USD FX swaps are quoted to you at 8/12. If the "points are in your favor", what have you done?
A) Bought and sold 3-month EUR/USD through the swap
B) Sold and bought 3-month EUR/USD through the swap
C) Made the quote
D) Cannot say

Question

Quizplus · Accepted Answer

When the points are in your favor, it means you have bought the base currency (EUR) and sold the quote currency (USD) through the swap.

3-Month EUR/USD FX Swaps Are Quoted to You at 8/12