The monthly average of the nominal trade-weighted exchange value of the dollar increased 0.9 percent in August compared with the previous month.
Currencies of most major trading partners depreciated again the dollar. The British pound fell a sizeable 2.1 percent, pulled down by an increasingly uncertain outcome of the upcoming referendum in Scotland. The euro dropped 1.6 percent, as economic data for the euro area came in weaker than expected and the European Central Bank took steps to ease monetary policy. The dollar also strengthened again the yen and the Canadian dollar and was slightly higher against the basket of currencies of major developing countries. On a trade-weighted basis, the dollar was up 1.1 percent compared with August 2013.
