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The Consensus forecast for euro-area producer price inflation significantly outperforms the naïve forecast in the short-term. Finally, the Consensus forecast for the USD/EUR exchange rate during the period from 2002 to 2009 is more precise than the naïve forecast and the forecast implied by the forward rate." [12]
The average interest rate for a 30-year fixed mortgage stands at nearly 6.7%, well above an average rate four years ago of 2.6%, Freddie Mac data shows. A small rate cut by the Fed would not ...
Against the weaker-than-expected jobs report came a one-two punch of new economic data for October, a week after a U.S. presidential election in which the economy factored largely into voter concerns.
The new currency was not introduced as the third cedi but is instead officially called the "Ghanaian cedi" (GH₵), in contrast to the second cedi that was officially known as the "new cedi". In the second half of 2007 both the second and third cedi were legal tender as the old currency was being gradually withdrawn.
The spot date is day T+1 if the currency pair [1] is USD/CAD, USD/TRY, USD/PHP or USD/RUB. In this case, T+1 must be a business day and not a US holiday. If an unacceptable day is encountered, move forward one day and test again until an acceptable date is found. The spot date is day T+2 otherwise. The calculation of T+2 must be done by ...
This is an alphabetical list of countries by past and projected Gross Domestic Product, based on the Purchasing Power Parity (PPP) methodology, not on market exchange rates.
Against the weaker-than-expected jobs report came a one-two punch of new economic data for October, a week after a U.S. presidential election in which the economy factored largely into voter concerns.
Rates on a 15-year mortgage stand at an average 6.13% for purchase and 6.14% for refinance — down 1 basis point from 6.14% for purchase and 4 basis points from 6.18% for refinance this time last ...