Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ECONOMIC RESEARCH Economic Research Resources v Switch Products v My Account v FRED.~ Search FRED ... Your trusted data source ECONOMIC DATA | ST. LOUIS

image text in transcribedimage text in transcribed
image text in transcribedimage text in transcribed
ECONOMIC RESEARCH Economic Research Resources v Switch Products v My Account v FRED.~ Search FRED ... Your trusted data source ECONOMIC DATA | ST. LOUIS FED since 1991. Release Calendar FRED Tools . FRED News FRED Blog About FRED Categories > Money, Banking, & Finance > Exchange Rates > Trade-Weighted Indexes This series will no longer be updated. This series is the suggested substitute, DTWEXBGS. https://fred.stlouisfed.org/series/DTWEXBGS w Trade Weighted U.S. Dollar Index: Broad, Goods (DISCONTINUED) (TWEXB) DOWNLOAD Observation: Units: Frequency: 2020-01-01: 128.6539 (+ more) Index Jan 1997=100, Weekly, 1Y | 5Y | 10Y | Max 1995-01-04 to 2020-01-01 EDIT GRAPH Updated: Jan 6, 2020 Not Seasonally Adjusted Ending Wednesday FRED~- Trade Weighted U.S. Dollar Index: Broad, Goods (DISCONTINUED) 140 130 120 Index Jan 1997=100 110 100 90 80 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 Shaded areas indicate U.S. recessions. Source: Board of Governors of the Federal Reserve System (US) fred.stlouisfed.org Share Links & Account Tools J . H in NOTES Source: Board of Governors of the Federal Reserve System (US) [ Release: H.10 Foreign Exchange Rates Units: Index Jan 1997=100, Not Seasonally Adjusted Frequency: Weekly, Ending Wednesday Averages of daily figures. A weighted average of the foreign exchange value of the U.S. dollar against the currencies of a broad group of major U.S. trading partners. Broad currency index includes the Euro Area, Canada, Japan, Mexico, China, United Kingdom, Taiwan, Korea, Singapore, Hong Kong, Malaysia, Brazil, Switzerland, Thailand, Philippines, Australia, Indonesia, India, Israel, Saudi Arabia, Russia, Sweden, Argentina, Venezuela, Chile and Colombia. For more information about trade-weighted indexes, please refer to the Board of Governors. Suggested Citation: Board of Governors of the Federal Reserve System (US), Trade Weighted U.S. Dollar Index: Broad, Goods (DISCONTINUED) [TWEXB], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/TWEXB, July 24, 2022 RELATED CONTENT2. Go to https://fred.stlouisfed.org[ and click on the \"Category\" link under the search box. Go to \"Money, Banking, & Finance\" and then \"Exchange Rates\". Now click on \"Trade-Weighted Indexes\" and scroll down to the series \"Trade Weighted US Dollar Index: Broad, Goods (DISCONTINUED)\". (NOTE: This data was discontinued in 2019 and transferred to another data series. However, this question is about historical patterns of the US dollar for which we need this older data.) a. Click on the \"Notes\" tab and describe what this series represents. b. For the following time periods, state whether the trade weighted US dollar exhibited an appreciating or depreciating trend: 1980-2002, 2002-2008, 2008-2019. c. Consider the overall trend in the US dollar between 2008 and 2019 from part b above. Do you think this should be good or bad for US businesses that export goods? Explain your answer. d. Go back to \"Trade-Weighted Indexes\" and now click on the series \"Nominal Broad US Dollar Index\". This is the update to the data series that you used in parts a c. What happened to the value of the US dollar in 2020? What has been the trend since 2021

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Business Law

Authors: Jeffrey F. Beatty, Susan S. Samuelson, Patricia Abril

6th Edition

1337404349, 978-1337404341

More Books

Students also viewed these Economics questions

Question

Context, i.e. the context of the information presented and received

Answered: 1 week ago