Trading stocks following sharp movements in the USDX, GBP/USD, and USD/CNY  

作　　者：Yensen Ni Min-Yuh Day Paoyu Huang 

机构地区：[1]Department of Management Sciences,Tamkang University,New Taipei City,Taiwan [2]Graduate Institute of Information Management,National Taipei University,New Taipei City,Taiwan [3]Department of International Business,Soochow University,No.56,Sec.1,Kueiyang St.,Taipei City 100,Taiwan

出　　处：《Financial Innovation》2020年第1期574-590,共17页金融创新（英文）

摘　　要：We hypothesized that sharp movement in the USDX,GBP/USD,and USD/CNY might result in stock market fluctuations owing to heightened investors’sentiments.The subsequent performance of trading stocks right after such sharp movements in exchange rates is seldom explored in existing studies.We examined the historical data of the constituent stocks of the DJ 30,FTSE 100,and SSE 50 indexes and found that the share prices were more volatile after sharp movements in the CNY,even though the currency is less volatile because of China’s exchange rate policy.However,for the USD and GBP,share prices of the DJ 30 and FTSE 100,respectively,rose after sharp appreciation and depreciation of the currencies.

关 键 词：Investing strategies Exchange rates Investors’sentiments 

分 类 号：F42[经济管理—产业经济]