Table 1 Macroeconomic data and the currency pair used in the data set
Term | Explanation |
|---|---|
Close(EURUSD) | Daily close value of euro/dollar currency pair |
Open(EURUSD) | Daily open value of euro/dollar currency pair |
High(EURUSD) | Daily high value of euro/dollar currency pair |
Low(EURUSD) | Daily low value of euro/dollar currency pair |
\({Inflation} \, {Rate}_{EU}\) | Monthly inflation rate for the European area |
\({Inflation} \, {Rate}_{USA}\) | Monthly inflation rate for the US area |
\({Interest} \, {Rate}_{GER}\) | Monthly interest rate in Germany |
\({Interest} \, {Rate}_{EU}\) | Monthly interest rate in the European area |
\({FED} \, {Funds} \, {Rate}\) | Daily Fed funds rates |
\( {Close(S \& P} \, {500)}\) | Standard and Poor—daily close American stock market index |
Close(DAX) | Daily close German stock index |