Analysis of the response of exchange rates to specific FOMC announcements using high-frequency data
Empirical studies have shown that Federal Open Market Committee (FOMC) announcements affect the exchange rate. Because of different policy targets, the exchange rate response to specific events may vary. Based on the theory of directional change (DC), this study analyzes the effects of specific FOMC...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2022-01-01
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| Series: | Borsa Istanbul Review |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2214845021000211 |