If foreign exchange markets are weak-form efficient, then all relevant public and private information is already reflected in today's exchange rates.

Name: If foreign exchange markets are weak-form efficient, then all relevant public and private information is already reflected in today's exchange rates.
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Question

Quizplus · Accepted Answer

Weak-form efficiency only implies that all past trading information is reflected in today's prices, not all public and private information.

If Foreign Exchange Markets Are Weak-Form Efficient, Then All Relevant