|
The influence
of six large-scale economic
indices in Europe and the US on
the Dollar-Euro exchange rates
is investigated. First we looked
for dominating recurring
patterns that best describe the
variability of the economic
indices. Three patterns could be
identified that describe more
than 94% of the behaviour of the
system. In a second step those
most important patterns were
used to model the exchange rate
between Dollar and Euro over a
period of 130 trading days.
Daily closing data over a period
of 26 weeks were used. We
achieved correlations of above
0.8.
 |
Download
article here