While gains may become harder to sustain as EUR/USD approaches the 1.20 area, UBS’s outlook suggests the path of least resistance still points higher in the first half of 2026, particularly in a ...
Global investment banks (IBs) have forecasted that the won-to-dollar exchange rate will average around the 1,420 Korean won range over the next year. With this year’s annual average exchange rate ...
This paper addresses a key puzzle in international finance: whether exchange rates follow a random walk or exhibit predictable patterns. We demonstrate that exchange rates can possess a unit root ...