/methodology/approach: We formulated the following hypothesis: Depreciation of the Euro versus American dollar exchange rate occurred in the … period of financial and fiscal crisis (2008-2014). The main reasons for that included: fiscal crisis in the euro area …, implementation of standard and non–standard (quantitative easing) ECB monetary policy measures and growth of money supply in the euro …

risk factors. Asset pricing theory applies to the currency market: those currencies that have larger loading on risk … standard deviation or skewness. This result holds at the portfolio level and at the single currency level. As a result, we show …

This article presents an overview of widely practiced short-term multi-currency investment strategies such as carry …

German mark (euro)/U.S. dollar market based on daily data. The main results are as follows. First, each of these models would …. Fifth, the profitability of technical trading the German mark (euro)/U. S. dollar exchange rate has been significantly lower …

highest-consumption-growth currency portfolio over the portfolio of lowest-consumption-growth currencies is positive on … average, compensating investors for large negative returns during world-wide downturns. This return - our consumption carry … factor - prices the cross-section of portfolio-sorted and of bilateral currency returns. Our results rest on minimal …