National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for United States
US Dollar, Quarterly
NAEXKP01USQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,490,692,000,000.00
Year-over-Year Change
9.65%
Date Range
1/1/1960 - 7/1/2023
Summary
The U.S. Dollar Index (USDX) measures the value of the U.S. dollar relative to a basket of foreign currencies. It is a key indicator of U.S. economic performance 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 USDX provides a comprehensive gauge of the U.S. dollar's strength or weakness against major global currencies. It is widely used by economists, investors, and policymakers to assess the dollar's impact on exports, imports, inflation, and other economic factors.
Methodology
The USDX is calculated based on the exchange rates of six major currencies weighted by trade volume.
Historical Context
Changes in the USDX influence the cost of imports, the competitiveness of U.S. exports, and the value of foreign assets held by Americans.
Key Facts
- The USDX was first published in 1973.
- The USDX has a base value of 100 set in March 1973.
- The euro has the largest weighting in the USDX at nearly 60%.
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, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc.
Q: Why is this trend relevant for users or analysts?
A: The USDX is a key indicator of the U.S. dollar's strength or weakness, which impacts international trade, foreign investment, and the cost of imports and exports. It is closely watched by economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The USDX is calculated by the Federal Reserve based on the exchange rates of six major currencies, weighted by their share of international trade volume.
Q: How is this trend used in economic policy?
A: Changes in the USDX can influence the Federal Reserve's monetary policy decisions, as a stronger dollar can dampen inflation and a weaker dollar can boost exports. Policymakers also monitor the USDX to assess the competitiveness of U.S. goods and services in global markets.
Q: Are there update delays or limitations?
A: The USDX is published quarterly by the Federal Reserve, with a delay of approximately two months after the end of each quarter.
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Citation
U.S. Federal Reserve, U.S. Dollar,Quarterly (NAEXKP01USQ652S), retrieved from FRED.