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Press Releases

For immediate release: July 6, 2006

DOLLAR APPRECIATES IN JUNE

In June the average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta rose 1.3 percent. The dollar gained against all subindexes, led by a 1.7 percent increase against the Pacific subindex. The Americas, the Pacific-excluding-Japan and the Europe subindexes were up 1.2, 1.1 and 1 percent, respectively. The classic subindex, which is the analogue of the original Atlanta index, rose 1.1 percent. The overall index was down 2.6 percent compared to a year ago. On a daily basis, the overall index’s level at the end of June was 0.7 percent higher than its level at the end of May but 3.2 percent below its reading at the end of June 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.


ATLANTA FED DOLLAR INDEXES: JULY 2006 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
06/06 108.557 107.691 98.320 116.454 112.761 99.294
05/06 107.132 106.422 97.377 114.472 111.495 98.219
06/05 111.470 114.250 101.725 115.392 115.166 102.869
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
05/06–06/06 1.3 1.2 1.0 1.7 1.1 1.1
06/05–06/06 –2.6 –5.7 –3.3 0.9 –2.1 –3.5
05/95–06/06 12.0 10.9 –0.9 22.2 14.2 1.9
Daily Data
Levels:
06/30/06 108.124 107.270 97.566 116.220 112.459 99.025
05/31/06 107.356 106.821 96.950 114.976 111.959 98.093
06/30/05 111.750 113.082 102.458 116.821 115.995 103.286
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
05/31/06–06/30/06 0.7 0.4 0.6 1.1 0.4 0.9
06/30/05–06/30/06 –3.2 –5.1 –4.8 –0.5 –3.0 –4.1
05/08/95–06/30/06 12.9 11.1 0.9 23.3 14.1 2.9

Based on 1995–97 bilateral trade weights for 15 currencies. Technical details of country selection, weighting and index construction are available in the June/July 1986, Summer 1987, September/October 1990 and Third Quarter 1999 issues of the Atlanta Fed’s Economic Review.

Atlanta Fed Dollar Indexes Table: History