The Faithful & Gould Parity Index is designed to clarify the international cost picture, which can be distorted by gyrations in currency exchange rates. The index is based on put-inplace rates for 26 ...

Just about any forex trader who holds overnight positions past 5 p.m. NY time has had to deal with tomorrow/next (tom/next) rollovers. This activity typically occurs when a new trading day begins to ...

The European Central Bank is watching the euro exchange rate because of its impact on inflation but does not target a specific level, an ECB spokesperson said on Friday as the currency hit parity with ...

Purchasing Power Parity (PPP) remains a cornerstone of international economics, positing that in the long run exchange rates should adjust so that identical goods and services cost the same across ...

The notion of purchasing power parity has been an important building block in the theory of nominal and real exchange rates and for many theoretic models in international economics, leading to the ...

If you still haven't planned a summer vacation, you might want to do it fast. Europe is looking pretty cheap right now. For the first time in 20 years, the dollar and the euro are worth about the same ...

We develop an extension of the open economy New Keynesian model in which agents are boundedly rational à la Gabaix (2020). Our setup nests rational expectations (RE) as a special case and it can ...

What is the value of a country’s goods against those of another country, a group of countries, or the rest of the world, at the prevailing exchange rate? How does one determine whether a currency is ...

The euro hasn’t fallen below the one-to-one exchange rate with the U.S. dollar for two decades. But as economic risks grow, more analysts predict deeper lows for the shared currency. Credit...Andrea ...