The Broad Dollar Index measures the average change in the dollar’s exchange rate against the currencies of our 36 most important trading partners. The Major Currency Index measures the average change against major international currencies such as the euro, the Australian and Canadian dollars, and the U.K. pound. Both of these indexes have increased in value between the last half of the 1990s and the beginning of this year. Both fell sharply in the first half of this year and have more or less stabilized since then.
Suggested citation: "International Markets," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-09, pp. 09, 09.01.2002.