How a distant skirmish is squeezing the world’s rubber
By Professor Dato Dr Ahmad Ibrahim
For weeks, the world’s attention has been fixed on the chokepoint...
Before we knew we had grown up
By Ng Kwan Hoong
When I meet my former classmates from Methodist Boys' School (MBS), Kuala Lumpur, it does not take long before someone...
Currency, like other financial assets, is traded like a commodity, with the exchange rate varying as demand and supply meet at the equilibrium price. The theory of Efficient Market Hypothesis (EMH) can explain a variety of variables that influence exchange rates. Eugene Fama popularised the EMH, a century-old financial economics theory, earning him the Nobel Prize in 2013.