Balance of Payments: Other Investment: Assets (or Net Acquisition of Assets) for France
Euro
FRAB6FAOI02NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-145,322,000,000.00
Year-over-Year Change
173.28%
Date Range
1/1/1999 - 10/1/2024
Summary
The Euro measures the foreign exchange value of the U.S. dollar against a basket of foreign currencies, providing insight into the overall strength and competitiveness of the U.S. economy.
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 Euro index tracks the U.S. dollar's performance relative to the currencies of major U.S. trading partners, including the euro, Japanese yen, and others. It is a key economic indicator used by policymakers, analysts, and investors to assess the dollar's global purchasing power and trade dynamics.
Methodology
The data is calculated by the Federal Reserve based on exchange rates in foreign exchange markets.
Historical Context
Changes in the Euro index can impact import/export activity, corporate earnings, and monetary policy decisions.
Key Facts
- The Euro index has a base year of 1973.
- It includes currencies from the euro area, Japan, UK, Canada, Switzerland, and Sweden.
- The index reached an all-time high in 2001 and a multi-year low in 2022.
FAQs
Q: What does this economic trend measure?
A: The Euro index measures the foreign exchange value of the U.S. dollar against a basket of major currencies. It provides an overall assessment of the dollar's strength in international markets.
Q: Why is this trend relevant for users or analysts?
A: The Euro index is a key indicator of the dollar's purchasing power and competitiveness, influencing trade, corporate profits, and monetary policy decisions.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the Euro index based on exchange rates in foreign exchange markets.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors monitor the Euro index to assess the dollar's global standing, which can inform trade, investment, and monetary policy actions.
Q: Are there update delays or limitations?
A: The Euro index is published daily by the Federal Reserve and is considered a reliable, timely indicator of the dollar's performance.
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Citation
U.S. Federal Reserve, Euro (FRAB6FAOI02NCCUQ), retrieved from FRED.