An Empirical Study on the Relationship between American Stock Market and Exchange Rate under the COVID-19

DOI

10.2991/aebmr.k.220307.422How to use a DOI?

Keywords

COVID-19; Exchange rate; Stock market

Abstract

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.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

Download article (PDF)

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  - 10.2991/aebmr.k.220307.422
ID  - He2022
ER  -