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- W1499065116 abstract "This study examines the high frequency reaction of the Australian Dollar (AUD) to new information contained in scheduled macroeconomic news releases in Australia for 1998 using Money Market Services trader expectations data. By using exchange rate data sampled at 10-second intervals, major price adjustments are found to begin almost immediately following the initial release of information and are complete within one minute of the announcement. There is some evidence of over-reaction after the initial release but returns in the first minute do not seem to have any meaningful structure that would enable prediction of returns in the second minute. The AUD appears to trade efficiently and the market absorbs new information quickly." @default.
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- W1499065116 date "2000-08-20" @default.
- W1499065116 modified "2023-09-27" @default.
- W1499065116 title "The Short Run Impact of Scheduled Macroeconomic Announcements on the Australian Dollar during 1998" @default.
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