Do Foreign Exchange Markets Still Trend – Kuntara Pukthuanthong-Le – exhibit4

Do Foreign Exchange Markets Still Trend - Kuntara Pukthuanthong-Le - exhibit4

Average Annual Excess Returns on Exotic Currencies Relative to U.S. T-Bills, Leveraged
Based on 12% Volatility of Annual Excess Returns and Moving Average Rules

Jay Ng
jay.ng@podsfolio.com
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