Labor Compensation: Earnings: Manufacturing: Hourly for United States
US Dollar
LCEAMN01USM189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.87
Year-over-Year Change
4.96%
Date Range
1/1/1960 - 11/1/2023
Summary
The U.S. Dollar Index (LCEAMN01USM189S) measures the value of the U.S. dollar relative to a basket of major global currencies. This key indicator provides insight into the overall strength and purchasing power of the USD.
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 tracks the performance of the U.S. dollar against a weighted average of six major currencies: the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona, and Swiss Franc. It is a widely followed benchmark for assessing the dollar's global exchange rate.
Methodology
The index is calculated and published by Intercontinental Exchange (ICE).
Historical Context
The U.S. Dollar Index is closely monitored by policymakers, investors, and businesses to gauge the dollar's influence on trade, inflation, and the overall health of the U.S. economy.
Key Facts
- The U.S. Dollar Index has a base value of 100 set in March 1973.
- A rising U.S. Dollar Index indicates a strengthening of the U.S. dollar.
- The index is widely used to measure the dollar's value relative to other major currencies.
FAQs
Q: What does this economic trend measure?
A: The U.S. Dollar Index measures the value of the U.S. dollar relative to a basket of major global currencies, providing insight into the overall strength and purchasing power of the USD.
Q: Why is this trend relevant for users or analysts?
A: The U.S. Dollar Index is a key indicator closely monitored by policymakers, investors, and businesses to gauge the dollar's influence on trade, inflation, and the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The index is calculated and published by Intercontinental Exchange (ICE).
Q: How is this trend used in economic policy?
A: The U.S. Dollar Index is used by policymakers, economists, and market participants to assess the dollar's performance and its impact on trade, inflation, and other economic indicators.
Q: Are there update delays or limitations?
A: The U.S. Dollar Index is updated and published in real-time by Intercontinental Exchange (ICE).
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Citation
U.S. Federal Reserve, U.S. Dollar Index (LCEAMN01USM189S), retrieved from FRED.