INTERNATIONAL FISHER EFFECT - IFE
An economic theory which states an expected change in the present exchange rate between any two currencies is roughly equivalent to the difference between two nations’ nominal interest rates at a given time. Named after American economist Irving Fisher, the higher the inflation rate, the lower the value of currency. Computed as:
E = 11 - 12 / 1 + 12 = 11 - 12
Where
E - % change in the exchange rate
11 - country A’s interest rate
12 - country B’s interest rate
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Tertiary Industry Index | Apr | |
| 08:00 | Wholesale Price Index | May | |
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:00 | Trade Balance | Apr | |
| 11:00 | Current Account (sa) | Apr | |
| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
