9 questions reported in Rokos interviews, organised by the group that asks them. Every question carries a model answer and graded feedback on your own attempt.
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Policy reaction functions, positioning, carry and expressing a view cleanly. 9 questions
A basic arithmetic screen on an FX or macro desk where a wrong quote convention can reverse the trade conclusion.
EUR/USD rises from 1.0800 to 1.1016. What happened to the euro and the US dollar? If you were long EUR/USD with $10m of dollar notional at entry, approximately how much would the position gain before…
A first-round macro question because almost every asset class trades off real rates.
Explain the difference between nominal rates and real rates. Why do macro investors care more about real rates?
Common in FX macro interviews because it explains why the dollar can rally in opposite regimes.
What is the dollar smile and why is it useful?
A rates expression question for macro seats.
Explain the difference between a bull steepener and a bear steepener. What macro environments produce each?
A sovereign rates and FX question for macro funds.
What is fiscal dominance and how would it show up in markets?
Macro funds test whether you think about the trade's cost and crowding, not just its thesis.
You have a correct macro view but the trade loses money for six months. Name the mechanisms that can cause that, and how you'd guard against them.
Global macro interviews test expression as much as the view itself.
You believe a central bank will cut rates sooner than the market expects. Give me three ways to express that and tell me which you'd choose.
A risk-management question for event-driven macro trading.
You have a strong view that a central bank meeting will surprise dovishly, but the outcome is binary. Why might options be better than futures?
A senior-style macro judgement question on whether an apparently cheap currency is an opportunity or a policy-credibility trap.
An emerging-market currency is down 25%, screens cheap on real effective exchange rate, and offers a 15% policy rate. The government has pressured the central bank, imposed limits on converting local…
Write your answer, get it graded on technical accuracy, completeness and communication, and see exactly which mechanic you missed.
Company tags reflect where a question type is commonly reported in interviews. They are not sourced from, endorsed by, or affiliated with Rokos.