United States Macroeconomic Variables Impact Toward Five Major Currencies Exchange Rate 2010-2019

Abstract

Purpose The purpose of this research paper is to indentify the impact of United States macroeconomic variables, as the affecting factors, toward the major currencies, and compare the impacts between the five major currencies. Methodology This research paper is a quantitative analysis which uses secondary data as its basis of analysis that is regressed though linear multiple regression. Classical assumption tests, T-Test, and F-Test are performed to figure put the sginificance of Advanced Retail Sales, Core Durable Goods Order, ISM Manufacturing PMI, and the dependent variable for five major currencies. Findings The results show that the independent variables all together are significant toward exchange rate. However, individually, not all that of then are significant toward the excange rate depending on the slected currency. Originality/Value Author believes that this is the first study trying to compare the impacts of United States Macroenomic variables towards five major currencies (GBPUSD, USDJPY, EURUSD, AUDUSD, and USDCHF). This is also the first study to pnly take Advanced Retail Sales, Core Durable Goods Order, ISM Manufacturing PMI, primary fundamental news of PT. Agrodama Futures.