Why is it apparently so difficult to forecast exchange rate movements

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Why is it apparently so difficult to forecast exchange rate movements

Paper instructions:

Why is it apparently so difficult to forecast exchange rate movements? Discuss with reference to the monetary model, the Mundell-Fleming model and/or the Dornbusch model and its extensions.

this is the question: Why is it apparently so difficult to forecast exchange rate movements? Discuss with reference to the monetary model, the Mundell-Fleming model and/or the Dornbusch model and its extensions.

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