Question: Statement Argument For Relevance Argument Against Relevance Exchange rate movements of many currencies, against the dollar, are highly correlated and will therefore not offset. The

Statement
Argument For Relevance
Argument Against Relevance
Exchange rate movements of many currencies, against the dollar, are highly correlated and will therefore not offset.
The adverse effects of exchange rate risk caused by the movements of some currency are offset by the favorable effects of others.

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