Labor Compensation: Earnings: Manufacturing: Hourly for United States
US Dollar, Quarterly, Seasonally Adjusted
LCEAMN01USQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.54
Year-over-Year Change
15.98%
Date Range
1/1/1960 - 7/1/2023
Summary
The US Dollar, Quarterly, Seasonally Adjusted trend measures the value of the US dollar relative to a basket of foreign currencies on a quarterly basis, with seasonal adjustments. This metric is crucial for analyzing international trade, the global economy, and the strength of the US 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
This trend tracks the US Dollar Index (USDX), which measures the performance of the US dollar against a weighted basket of six major foreign currencies: the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona, and the Swiss franc. It provides insight into the overall value and purchasing power of the US dollar in international markets.
Methodology
The data is collected and calculated by the Federal Reserve based on daily exchange rate quotes.
Historical Context
The US Dollar Index is closely monitored by policymakers, economists, and financial markets to assess the US economy's performance and competitiveness in the global arena.
Key Facts
- The US Dollar Index is a widely-used benchmark for the US dollar's value.
- A stronger US dollar can make US exports more expensive and imports cheaper.
- The US Dollar Index is calculated based on the exchange rates of 6 major currencies.
FAQs
Q: What does this economic trend measure?
A: The US Dollar, Quarterly, Seasonally Adjusted trend measures the value of the US dollar relative to a basket of foreign currencies on a quarterly basis, with seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the strength and purchasing power of the US dollar in international markets, which is important for analyzing trade, the global economy, and the overall performance of the US economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Reserve based on daily exchange rate quotes.
Q: How is this trend used in economic policy?
A: The US Dollar Index is closely monitored by policymakers, economists, and financial markets to assess the US economy's performance and competitiveness in the global arena.
Q: Are there update delays or limitations?
A: The US Dollar, Quarterly, Seasonally Adjusted data is released on a quarterly basis by the Federal Reserve.
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Citation
U.S. Federal Reserve, US Dollar, Quarterly, Seasonally Adjusted (LCEAMN01USQ189S), retrieved from FRED.