Some currency trading positions yield increased returns aroundFed announcements

Tahbaz-Salehi, A., Vedolin, A. & Muelle, P. (2016). Some currency trading positions yield increased returns aroundFed announcements.
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The announcements of the Federal Reserve Bank can have huge impacts on the world currency market. Alireza Tahbaz-Salehi, Andrea Vedolin and Philippe Muelle argue that these impacts reflects the high degree of monetary policy uncertainty.

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