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For immediate release: July 9, 2007

Dollar Continued to Decline in June

The average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta declined for the fifth consecutive month in June—down 0.4 percent from May. The Americas subindex dropped 1.9 percent, and the Pacific-excluding-Japan measure fell 0.2 percent. These declines were only partially offset by gains on the Pacific and the European subindexes, which increased 0.5 percent each. The classic subindex, which is the analogue of the original Atlanta index, fell 0.4 percent in June. The overall index was down 2.9 percent in June from a year ago. On a daily basis, the overall index declined 0.1 percent from the end of May to the end of June and was 2.7 percent below its level at the end of June 2006.

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 2007 UPDATE
(1995 = 100)
Atlanta Fed
Overall Index
Monthly
Subindexes
Americas Europe Pacific Pacific
excluding
Japan
Classic
Monthly Averages
Levels:
06/07 105.416 102.267 92.720 117.532 109.254 97.031
05/07 105.828 104.257 92.216 116.896 109.447 97.468
06/06 108.557 107.691 98.320 116.454 112.761 99.294
05/95 (low) 96.925 97.085 99.231 95.303 98.733 97.435
Percent change:
05/07–06/07 –0.4 –1.9 0.5 0.5 –0.2 –0.4
06/06–06/07 –2.9 –5.0 –5.7 0.9 –3.1 –2.3
05/95–06/07 8.8 5.3 –6.6 23.3 10.7 –0.4
Daily Data
Levels:
06/29/07 105.151 102.036 91.990 117.572 108.885 96.788
05/31/07 105.276 102.293 92.601 117.180 109.275 97.034
06/30/06 108.124 107.270 97.566 116.220 112.459 99.025
05/08/95 (low) 95.740 96.549 96.705 94.236 98.571 96.238
Percent change:
05/31/07–06/29/07 –0.1 –0.3 –0.7 0.3 –0.4 –0.3
06/30/06–06/29/07 –2.7 –4.9 –5.7 1.2 –3.2 –2.3
05/08/95–06/29/07 9.8 5.7 –4.9 24.8 10.5 0.6

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