Exchange rate is quoted by dealers based on the order flow they receive. Market survey and FX market microstructure literature suggest that financial customers order flow is the most informative and leads total order flow. This paper explains exchange rate dynamics by linking financial customers...

In this study, zinc oxide (ZnO)-mediated sunlight activation of periodate (IO4-) technology was developed to degrade bisphenol AF (BPAF). Under the optimal reaction condition of 0.65 g/L ZnO, 0.5mM IO4- and pH 5.5, the superior removal rate of BPAF (20 µM) about 96.1% was achieved just within...

This paper explains exchange rate dynamics by linking financial customers’ foreign exchange order flow with their dynamic portfolio reallocation. For any currency pair in a particular period, one currency has higher assets return than the other and can be considered the high-return-currency...