Dollar Depreciates in November
Dec. 6, 2006
The average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta fell 0.7 percent in November from the previous month. All subindexes declined in November except for the Americas subindex, which gained 0.5 percent. The Europe subindex dropped 2 percent, and the Pacific and the Pacific-excluding-Japan measures were down 1.1 percent each. The classic subindex, which is the analogue of the original Atlanta index, was 0.8 percent lower in November. The overall index in November was 4 percent below its year-ago level. On a daily basis, the overall index was down 0.6 percent at the end of November from its reading at the end of October and was 4.6 percent below its level at the end of November 2005.
The Atlanta Fed index is based on 1995–97 bilateral trade weights for 15 currencies. The European subindex includes the European Monetary Union, Switzerland and the United Kingdom. The Pacific subindex includes Australia, China, Hong Kong, Japan, Malaysia, Singapore, South Korea and Taiwan. The Americas subindex includes Brazil, Canada and Mexico. The overall dollar index includes the Saudi Arabian riyal along with the foregoing 14 currencies. The classic subindex includes the European Monetary Union, Switzerland, the United Kingdom, Australia, China, Hong Kong, Japan, Singapore, South Korea, Taiwan, Saudi Arabia and Canada. All figures are indexes and not actual exchange rates. A rise in the index or subindex reflects a strengthening of the dollar against currencies included.
World interest-rates-table
chart for US DOLLAR INDEX
-What the Dollar bottom line in the future?
-Will US Dollar decide the world economic future?
-Will there a Dollar crisis for the world economic to get the impact?
The average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta fell 0.7 percent in November from the previous month. All subindexes declined in November except for the Americas subindex, which gained 0.5 percent. The Europe subindex dropped 2 percent, and the Pacific and the Pacific-excluding-Japan measures were down 1.1 percent each. The classic subindex, which is the analogue of the original Atlanta index, was 0.8 percent lower in November. The overall index in November was 4 percent below its year-ago level. On a daily basis, the overall index was down 0.6 percent at the end of November from its reading at the end of October and was 4.6 percent below its level at the end of November 2005.
The Atlanta Fed index is based on 1995–97 bilateral trade weights for 15 currencies. The European subindex includes the European Monetary Union, Switzerland and the United Kingdom. The Pacific subindex includes Australia, China, Hong Kong, Japan, Malaysia, Singapore, South Korea and Taiwan. The Americas subindex includes Brazil, Canada and Mexico. The overall dollar index includes the Saudi Arabian riyal along with the foregoing 14 currencies. The classic subindex includes the European Monetary Union, Switzerland, the United Kingdom, Australia, China, Hong Kong, Japan, Singapore, South Korea, Taiwan, Saudi Arabia and Canada. All figures are indexes and not actual exchange rates. A rise in the index or subindex reflects a strengthening of the dollar against currencies included.
World interest-rates-table
chart for US DOLLAR INDEX
-What the Dollar bottom line in the future?
-Will US Dollar decide the world economic future?
-Will there a Dollar crisis for the world economic to get the impact?
Reference:-
2. The US national Debts.
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