Economics, Econometrics and Finance
6 years ago

Oil Prices and China's Growth Drive US Dollar Exchange Rate Fluctuations

SSRN Electronic Journal
Exchange Rate Movements and Fundamentals: Impact of Oil Prices and the People’s Republic of China’s Growth
Hongyi Chen, Shuo Cao

Paper Summary

The study looked at what factors affect changes in US dollar exchange rates. They found that oil prices and China's economic growth have had a big impact on exchange rates since 2008. These two factors are the main drivers of exchange rate fluctuations in recent years, while the effect of monetary policy changes is not as significant.

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