ATLANTA -- The Federal Reserve Bank of Atlanta's index of the dollar's value against other major currencies fell to a record low last month.

The average trade-weighted dollar value, measured against 18 other currencies, fell 0.58% in August, to 92.45. The low point came on the last day of the month.

The dollar index also has declined 5.55% since August 1991 and 34.83% from the March 1985 peak of 141.86.

Declines in Europe, but Gains Around the Pacific

Decreases were most pronounced against European currencies, the Atlanta Fed said. It also noted a slight decline in its Canadian subindex.

The dollar's overall decline was moderated by "minor increases" against currencies in the Pacific region, as well as in the "Pacific excluding Japan" subindex, the Fed bank added.

The index is based on 1984 bilateral trade weights among the United States and Canada, nine European countries, seven Asian countries, and Saudi Arabia.

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