Why are exchange rates so difficult to predict?

A quarter-century quest hasn't found the elusive links between economic fundamentals and currency values. ; The U.S. dollar has been losing value against several major currencies this decade. Since 2001-02, the U.S. currency has fallen about 50 percent against the euro, 40 percent against the Canadian dollar and 30 percent against the British pound .

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Year of publication:	2008
Authors:	Wang, Jian
Published in:	Economic Letter. - Federal Reserve Bank of Dallas. - Vol. 3.2008, 6
Publisher:	Federal Reserve Bank of Dallas
Subject:	Dollar \| American \| Forecasting \| Foreign exchange rates

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005389789