Labor Compensation: Earnings: Manufacturing: Hourly for United States
US Dollar, Quarterly, Not Seasonally Adjusted
LCEAMN01USQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.54
Year-over-Year Change
16.01%
Date Range
1/1/1960 - 7/1/2023
Summary
This economic trend measures the value of the U.S. dollar relative to a broad basket of foreign currencies on a quarterly basis. It is a key indicator of the dollar's international purchasing power 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 U.S. Dollar Index (USDX) tracks the performance of the U.S. dollar against a weighted average of major global currencies. It provides insight into the dollar's strength and can influence international trade, capital flows, and policy decisions.
Methodology
The data is calculated by the Federal Reserve based on exchange rates for the U.S. dollar against a trade-weighted basket of foreign currencies.
Historical Context
The U.S. Dollar Index is closely monitored by policymakers, investors, and economists to assess the dollar's competitiveness and its impact on the domestic and global economy.
Key Facts
- The U.S. Dollar Index is based on a basket of 6 major currencies: Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona, and Swiss Franc.
- A rising USDX indicates a stronger U.S. dollar, while a declining index signals a weaker dollar relative to other currencies.
- The U.S. Dollar Index is a widely used benchmark for assessing the dollar's performance in international markets and global trade.
FAQs
Q: What does this economic trend measure?
A: The U.S. Dollar Index (USDX) measures the value of the U.S. dollar relative to a basket of major foreign currencies on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The U.S. Dollar Index is a key indicator of the dollar's strength and competitiveness, which can impact international trade, capital flows, and policy decisions.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the U.S. Dollar Index based on exchange rates for the U.S. dollar against a trade-weighted basket of foreign currencies.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and economists closely monitor the U.S. Dollar Index to assess the dollar's performance and its implications for the domestic and global economy.
Q: Are there update delays or limitations?
A: The U.S. Dollar Index data is released quarterly by the Federal Reserve with no significant update delays.
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Citation
U.S. Federal Reserve, U.S. Dollar Index, Quarterly, Not Seasonally Adjusted (LCEAMN01USQ189N), retrieved from FRED.