Trading equilibrium exchange rates
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Estimating equilibrium exchange rates can be used to generate strong returns on currency investments, says Russell Jones (pictured), head of global foreign exchange research at Lehman Brothers in London. Here he offers two trading strategies for long-term investors, based on the notion that currencies tend to revert to their equilibrium values
Estimates of equilibrium exchange rates are not purely of academic interest -- they can be used to create trading strategies to make money for long-term
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