Looking at the market data for USD/CHF on investing.com and can't get my head around the difference between the forward and futures rates for this pair.
USD/CHF spot rate is 0.9898
MAR23 Futures contract trading at 1.035 while USDCHF5M Forward is at -157 from spot (0.9741)
Trying to calculate FW rate manually using LIBOR rates, yield numbers closer to the futures contract.
What am I missing here? And how appropriate is to use LIBOR rates for Forward calculation?