Читать книгу The Foreign Exchange Matrix - Barbara Rockefeller - Страница 18

While the various matrices are a handy metaphor for market behaviour, not everything can be explained in a rational way. On any day, a sane interpretation of events may suggest the dollar should move up when in fact it goes on to move down. In the middle of the worsening euro zone peripheral debt crisis, the euro rose for almost a full year (June 2010 to May 2011).

What’s going on here? Why does the FX market behave in this perverse fashion?