Purpose – Aims to examine the currency impact on return, risk and market correlations from the perspective of both dollar and non-dollar-based investments. Design/methodolgy/approach - Monthly data on six stock index series and exchange rates from Financial Times Sources are used, covering the...

Purpose – Aims to examine the currency impact on return, risk and market correlations from the perspective of both dollar and non‐dollar‐based investments. Design/methodology/approach – Monthly data on six stock index series and exchange rates from Financial Times Sources are used,...