Chen, Show-Lin; Chou, Ching-Chin; Chen, Nen-Jing - In: Applied Economics Letters 20 (2013) 3, pp. 292-296
This study applies the wavelet transform technique to analyse the relationship between exchange rates of major currencies and the unexpected macroeconomic news. Hourly closing exchange rates of major currencies from 2000 to 2009 are utilized for wavelet analysis and those of 2010 are used for <italic>ex...</italic>