Foreign exchange markets are generally found to be at least ____ efficient.
A) weak-form
B) semistrong-form
C) strong form
D) none of the above

Question

Quizplus · Accepted Answer

Foreign exchange markets are generally found to be at least semi-strong-form efficient, which means that all publicly available information is already reflected in current prices, including not just historical prices but also news and other market-related information. This suggests that it is difficult for investors to consistently outperform the market solely based on publicly available information.

Foreign Exchange Markets Are Generally Found to Be at Least