Sales: Retail Trade: Total Retail Trade: Value for United States
US Dollar, Monthly level, Annual, Seasonally Adjusted
SLRTTO02USA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
591,252,250,000.00
Year-over-Year Change
84.70%
Date Range
1/1/1960 - 1/1/2022
Summary
The US Dollar, Monthly level, Annual, Seasonally Adjusted trend measures the value of the US dollar relative to other major currencies on a monthly basis, adjusting for seasonal variations.
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
This economic indicator provides insight into the strength and purchasing power of the US dollar in global financial markets. It is widely tracked by economists, policymakers, and investors to understand exchange rate dynamics and the competitiveness of US exports.
Methodology
The data is collected and calculated by the Federal Reserve based on market exchange rates.
Historical Context
The US dollar's value is a key factor in trade, inflation, and monetary policy decisions.
Key Facts
- The US dollar is the world's primary reserve currency.
- A stronger dollar makes US exports more expensive for foreign buyers.
- The Federal Reserve monitors the dollar's value to assess inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the US dollar relative to other major currencies on a monthly basis, with adjustments made for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The US dollar's value is a key indicator of the country's economic strength and competitiveness, making it highly relevant for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The US dollar's value is a crucial factor in trade, inflation, and monetary policy decisions made by the Federal Reserve and other government institutions.
Q: Are there update delays or limitations?
A: The data is updated monthly by the Federal Reserve and is subject to standard publication lags.
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Citation
U.S. Federal Reserve, US Dollar, Monthly level, Annual, Seasonally Adjusted (SLRTTO02USA189S), retrieved from FRED.