An Empirical Study on the Relationship between American Stock Market and Exchange Rate under the COVID-19
These authors contributed equally.
- https://doi.org/10.2991/aebmr.k.220307.422How to use a DOI?
- COVID-19; Exchange rate; Stock market
From 2020, the COVID-19 pandemic spread globally and had a significant impact on the economies of most countries. This article analysed the impact of the COVID-19 pandemic in the United States and the dollar exchange rate on the US stock market. We found a significant statistical correlation between the COVID-19 pandemic and the return of the US stock market, but there was no economic significance. COVID-19 impacted the volatility of the US stock market in the short term, but in the long term, it did not have an impact on the volatility of the US stock market. However, the dollar’s exchange rate did have a significant impact on the return and volatility of the US stock market.
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Cite this article
TY - CONF AU - Chenyao He AU - Xingkai Zhao PY - 2022 DA - 2022/03/26 TI - An Empirical Study on the Relationship between American Stock Market and Exchange Rate under the COVID-19 BT - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) PB - Atlantis Press SP - 2593 EP - 2599 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220307.422 DO - https://doi.org/10.2991/aebmr.k.220307.422 ID - He2022 ER -