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The efficiency of the U.S. dollar index futures market

✍ Scribed by Giora Harpaz; Steven Krull; Joseph Yagil

Publisher
John Wiley and Sons
Year
1990
Tongue
English
Weight
635 KB
Volume
10
Category
Article
ISSN
0270-7314

No coin nor oath required. For personal study only.

✦ Synopsis

It should be emphasized that the hedge position is a long-long or short-short hedge rather than the conventional long-short hedge, because the USDX futures price is quoted in "European terms" whereas the component FX forward prices are expressed in 'American terms.

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