Castrén, Olli (contributor); Mazzotta, Stefano (contributor) - 2005
economic terms, these
patterns are interesting from several points of view. First, the reason why two
currency pairs show a … positive correlation over time could be that their dynamics is
driven by the same economic fundamentals. Second, a sudden fall … of the two exchange rates appreciates
(depreciates), the other tends to follow a similar pattern. In economic terms …