Some economists believe that foreign exchange markets for, Finance Basics

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Some economists believe that foreign exchange markets for

Question: Some economists believe that foreign exchange markets for the major currencies whose price is determined by market forces are "efficient" and forward exchange rates are unbiased predictors of future spot exchange rates. What is meant by "unbiased predictor" in terms of how the forward rate performs in estimating future spot exchange rates? What are the rationale for this relationship based on?

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