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Which of the following trading strategies used by currency funds is incorrect? Buy undervalued currencies and sell overvalued currencies based on purchasing power parity. Buy

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Which of the following trading strategies used by currency funds is incorrect? Buy undervalued currencies and sell overvalued currencies based on purchasing power parity. Buy currencies when the long moving average is above the short moving average. Sell currencies that have recently depreciated in value to ride on the trend. Buy currencies with high interest rates and sell currencies with low interest rate

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