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Currencies and stock index performance
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CT-April 2008-6
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Those who assume the relationship between stock markets and currencies adheres to common wisdom would do well to look at the data.
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Detailed Description
The problem with holding truths to be self-evident is the numbers often dictate otherwise. As few other fields generate as much data conducive to systematic analysis as finance, the habits of some in making unsupported assertions are regrettable.
Of course, the sword cuts both ways, as we shall see. The ocean of data can overwhelm us. Such is the case with assessing the impact of currencies on country-specific stock indices.
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