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This is empirically untrue: exchange rates often over-react to events and take time to find a rational level, and financial (as opposed to trade) factors can push them out of alignment with trade fundamentals for extended periods.
Similar(59)
Even just a couple of years ago, the suggestion that a rape allegation could stick to beloved frozen pudding magnate Bill Cosby was laughable (and empirically proven to be untrue – no one did believe them).
"Untrue, untrue," he mutters.
Patently untrue.
Totally untrue.
It is empirically unprovable.
Both untrue.
Tragically, untrue.
This can be seen empirically.
And untrue.
That is simply untrue.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com