International Trade: Imports: Value (goods): Total for the European Union
US Dollars Monthly Level, Monthly, Not Seasonally Adjusted
EU28XTIMVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
509,479,723,027.39
Year-over-Year Change
-4.41%
Date Range
1/1/1999 - 1/1/2020
Summary
This economic indicator measures the monthly level of the US dollar, providing insight into exchange rate fluctuations and global trade dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The US Dollars Monthly Level trend tracks the nominal value of the US dollar compared to a weighted basket of foreign currencies. It is an important metric for analyzing international trade, capital flows, and the global economy.
Methodology
The data is collected and calculated by the US Federal Reserve.
Historical Context
Policymakers and financial analysts closely monitor this trend to assess the strength of the US dollar and its impact on exports, imports, and foreign investment.
Key Facts
- The US dollar is the world's primary reserve currency.
- A strong US dollar can make US exports more expensive and imports cheaper.
- The value of the US dollar has significant implications for international trade and capital flows.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly level of the US dollar against a weighted basket of foreign currencies, providing insight into exchange rate fluctuations.
Q: Why is this trend relevant for users or analysts?
A: The value of the US dollar has significant implications for international trade, capital flows, and the global economy, making this trend an important indicator for policymakers and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts closely monitor this trend to assess the strength of the US dollar and its impact on exports, imports, and foreign investment.
Q: Are there update delays or limitations?
A: The US Dollars Monthly Level trend is updated monthly by the Federal Reserve, with no known significant update delays or limitations.
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Citation
U.S. Federal Reserve, US Dollars Monthly Level, Monthly, Not Seasonally Adjusted (EU28XTIMVA01CXMLM), retrieved from FRED.