November 2011
Beginner
335 pages
9h 33m
English
The opposite scenario holds for the U.S. dollar/Swiss franc and U.S. dollar/Canadian dollar as both follow not yields but the actual bond price. When U.S. bond prices rise, both pairs rise and vice versa. See Exhibits 6.10 and 6.11.
EXHIBIT 6.10 Historic Chart of U.S. Dollar/Swiss Franc

EXHIBIT 6.11 Historic Chart U.S. Dollar/Canadian Dollar

In this instance, as the British pound/U.S. dollar and euro/U.S. dollar trended up between 2003 and 2006, U.S. ...
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