That’s right.
Carter Calls are buying USD, so a fall in the AUD/USD means it will cost them more to purchase USD compared to their budget rate.
Not quite.
Carter Calls are buying USD, so a rally in the AUD/USD means it will cost them less to purchase USD compared to their budget rate.
Carter Calls are buying USD, so a rally in the AUD/USD means it will cost them less to purchase USD compared to their budget rate.
Carter Calls are buying USD, so a fall in the AUD/USD means it will cost them more to purchase USD compared to their budget rate.
