One of the best things about working in the foreign exchange market as an analyst or a portfolio manager is that you get to see whether your ideas are right or wrong almost instantaneously. FX markets move with frightening speed to price in all manners of possible scenarios — and if you want to get a feeling about what is happening to a country’s economy, look no further than the recent development of the exchange rate. It encapsulates everything from the outlook for monetary policy to FDI inflows and the attractiveness or unattractiveness of a country’s economic model.  In a sense,…

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