If you are looking for a book on foreign currency strategy that well suited for readers with MBAs or degrees in economics . The "Wiley Finance" imprint usually does a good job of exactly this - a thorough serious treatment of a subject, but without differential equations. Callum Henderson clearly knows his subject. That said, there are few alternatives on the subject that aren't trading books replete with technical analysis or thick academic tomes that are aimed at shaping public policy rather than informing market participants. So read the book and get what you can out of it.

A good introduction to exchange rate determination in theory and in practice. Useful for someone with a little bit of background into economics or exchange rates who wants to delve a bit more. There is a lot of information for the individual that makes many good points about the use of fundamental as well as technical analysis.

One outstanding feature of this book, and indeed a lot of work by this author, is that it moves beyond just exchange rate forecasting into the realm of exchange rate risk management and other issues pertinent to those who deal in this space.

There is a lot of material in this book that traders should know. Some are minor details, but these are the same details that can determine whether a trade will be profitable. It is divided into three parts towards the end to suit three types of investors: (1) corporate, (2) institutional, and (3) speculator.

Expert advice and timely techniques for surviving and thriving within currency markets. Rapid movements in currency markets have been a common occurrence in recent years, often to the detriment of traders and investors. The ability to manage these fluctuations is essential for safe and successful investment in these markets. Currency Strategy develops new techniques and explains classic tools available for predicting, managing, and optimizing fluctuations in the currency markets. Author Callum Henderson shows readers how traditional macroeconomic theory has repeatedly failed in the face of practical experience in these markets and develops a new approach based on experience. He draws on the technical expertise of his bank to develop mathematical models to assist in the prediction of crises and gives practical advice on how to use these and other tools successfully.

in 1971, President Richard Nixon ended the convertibility of the dollar into gold and thereby scotched the mechanism of international agreements and regulations that had governed the world monetary system since the end of World War II. Over the ensuing decades, the once-stable global monetary environment became an exciting, volatile new source of risk and opportunity. Manufacturers saw their fortunes rise and fall as currency shifts favored them or, alternatively, their competitors overseas. Financial institutions discovered new opportunities and dangers in fast-moving currency markets. We recommend this book for its detailed and generally clear, albeit often tedious, introduction to the tools, techniques and strategies readers may use to manage risk or speculate in the world's biggest financial arena - the unregulated international currency market.

Currency Strategy outlines the key tools available to practitioners in the field, their benefits and limitations, and discusses fundamental analysis, technical analysis, behavioural finance, flows and the authors own modelling techniques for the prediction of a currency crisis.

John Maynard Keynes reference to the animal spirits, that elemental force which drives financial markets in herd-like fashion, was applied to the stock market. However, he might as well have been referring to the currency market, for the term sums up no other more perfectly. A market that is volatile and unpredictable, a market that epitomises such a concept as the animal spirits, surely requires a very specific discipline by which to study it.

This is precisely what Callum Henderson does in this eminently practical and readable book. He provides an analytical framework for currency analysis and forecasting, combining long-term economic valuation models with market-based valuation techniques to produce a more accurate and user-friendly analytical tool for the currency market practitioners themselves.

Written by a market practitioner for fellow professionals whose job is to turn the theory into practice and actually execute the currency market transaction, the book is split into three parts:
* Theory and practice
* Regimes and crises
* The real world of the currency market practitioner.

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