Garcia-Suaza, Andres Felipe; Gómez, Jose Eduardo - BANCO DE LA REPÚBLICA - 2011
This study proposes a new method for testing for the presence of momentum in nominal exchange rates, using a … exchange rates in the short-run, we show evidence of exchange rate inertia; in other words, we find that exchange rate momentum … are able to make excess returns by following technical analysis strategies. We find that the presence of momentum is …