A trade-weighted index
of the greenback adjusted for inflation is close to its highest point since 2003, showing the headwinds U.S.
A sharp drop in the euro lifted the index in the latest phase, with EUR-USD having the largest weighting by some margin in the calculation of the Intercontinental Exchange's narrow trade-weighted index
of the U.S.
With the USD's broad trade-weighted index
gaining around 5% since the end of March, it is no surprise that emerging market growth prospects are souring, QNB said.
A stronger US dollar (USD) works as monetary tightening for much of the world economy, spurring capital inflows into US assets and forcing many emerging markets to tighten monetary policy to help limit capital outflows and stabilise currencies, the report added With the USD's broad trade-weighted index
gaining around 5 percent since the end of March, it is no surprise that emerging market growth prospects are souring.
FAO's Food Price Index is a trade-weighted index
tracking international market prices for five major food commodity groups, it said.
FAO Food Price Index - a monthly trade-weighted index
tracking international market prices of five major food commodity groups - averaged 179.1 points in July, its highest value since January 2015, marking a 2.3 percent increase from June 2017 and 10.2 percent rise from its level a year earlier.
The FAO Food Price Index a trade-weighted index
tracking international market prices for the cereals, vegetable oils, dairy, meat and sugar commodity groups averaged 163.4 points in June and is now one per cent below the level reached a year earlier.
LONDON: Sterling trade-weighted index
fell 1 percent to hit a three-week low on Monday, while the cost of hedging against swings over the coming month traded at its highest since late 2008 on growing concerns over whether Britain will stay in the European Union.
The krona depreciated against major currencies apart from the US dollar during the quarter, or by 0.6% in terms of the trade-weighted index
. The krona depreciated by 1% against the euro and 0.8% against the pound sterling, but appreciated by 1.8% against the US dollar.
The trade-weighted index
tracks prices on international markets of five major food commodity groups: cereals, meat, dairy products, vegetable oils and sugar.
It marked the lowest level since September 2009 in the trade-weighted index
that tracks prices on international markets of five major food commodity groups: cereals, meat, dairy products, vegetable oils, and sugar.