Foreign Exchange Rates Are Predictable!
According to recent research, a measure of U.S. idiosyncratic volatility is a strong predictor of the exchange rates of the U.S. dollar against major foreign currencies, especially at relatively long horizons.
According to recent research, a measure of U.S. idiosyncratic volatility is a strong predictor of the exchange rates of the U.S. dollar against major foreign currencies, especially at relatively long horizons.
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