Dynamic Cross-Correlations Analysis on Economic Policy Uncertainty and US Dollar Exchange Rate: AMF-DCCA Perspective

Table 1

Descriptive statistics of Ret and EPU.

Variable	Ret	EPU
Mean	0.00	4.39
Median	0.00	4.40
Standard deviation	0.01	0.68
Max	0.03	6.69
Min	−0.04	1.20
Skewness	−0.08	−0.13
Kurtosis	5.22	3.39
Jarque-Bera	1878.42	83.08
N	9129	9129

The Ret and EPU terms are short for the daily US dollar exchange rate return and the US economic policy uncertainty index. N refers to the number of observations. Statistical significance at 1% level.