ATLANTA - The U.S. dollar's average value against other major currencies increased in September, its first monthly gain since March, the Federal Reserve Bank of Atlanta said.
According to the bank's trade-weighted index, based on movements of 18 foreign currencies, the monthly average for the dollar appreciated 0.9% in September.
Strong Japanese Yen
The increase came despite a 1.6% decline in the Atlanta Fed's Pacific subindex, caused by the dollar's weakness against the Japanese Yen.
The dollar rose 2.43% against nine European currencies and 2,66% against the Canadian dollar.
The daily reading for the dollar was 93.34 on Sept. 30, 2.3% higher than on Aug. 31, despite hitting an all-time low of 91.054 on Sept. 2. The index value of 100 is for 1980.
