Hints and tips:
...The two make up about 70 per cent of DXY, according to Bloomberg. Back to this month’s rally. The key is most likely short-term rate differentials....
...Rosenbluth believed US investors “have largely given up on using currency-hedged equity ETFs” since their heyday in 2014 and 2015 when the DXY dollar index rallied 23 per cent in two years, eroding returns...
...The climb in oil prices was followed by appreciation of the dollar; indeed, the DXY index of the dollar against major currencies rose more than 6 per cent between mid-July and mid-October, according to Bloomberg...
...Since then the DXY dollar index has climbed over 2 per cent. Whoops! It’s a good example of how hard timing can be in markets....
...The DXY index tracking its value against a basket of other currencies has gained more than 5 per cent since July, while rosy US economic data pushes recession risks ever further out to the future....
...Start with the dollar, which has come down 10 per cent from its peak in September, as measured by the DXY dollar index....
...The chart below shows how far the six currencies in the DXY basket have appreciated: The point here is not that rates are irrelevant, but that energy bears watching too....
...Over the same period the dollar, as measured by the DXY index, has fallen by 9.7 per cent....
...Over the same period the DXY index, which measures the US dollar against a basket of currencies, has fallen 7.9 per cent....
...With the Federal Reserve tightening more aggressively than other major central banks, the US dollar index (DXY index) has risen 17.4 per cent since the beginning of the year....
...The DXY dollar index, measuring broad dollar strength against a basket of other currencies, has pushed up to its highest point since 2017, leaving a dent in sterling and in a number of emerging markets....
...Since the start of the year, the dollar has appreciated by some 10 per cent as measured by DXY, a widely-followed index of the currency’s global value....
...Last year, though, the greenback rallied again, with the DXY index gaining 6.7 per cent, allowing hedged ETFs to shine once again....
...Not only did I suggest that the gloom surrounding the US dollar was wildly overdone — lo and behold, the DXY dollar index has climbed 7 per cent in 2021 — I raised the prospect of the Democrats triumphing...
...Here is five years of the DXY dollar index (with the fed funds rate and the 10-year Treasury yield in the background for context): What is the recent rally (see red arrow) telling us?...
...After steep fluctuations between January and May, the benchmark DXY dollar index is up more than 3 per cent so far this year. Meanwhile, EM stocks have stalled....
...Here is the DXY dollar index: Rissmiller also points out that if the dollar is going to fall, it has to fall against something. But what?...
...The DXY index, which tracks the buck against global peers, is at a three-year high. That is bad news for indebted emerging market economies reliant on steady inflows from investors overseas....
...The DXY index, a measure of the dollar against a basket of its major trading peers, has rallied more than 3 per cent during the September quarter to hit its highest level since 2017....
...It also incorporates data from the Chinese medical community website DXY, which aggregates live situation reports from the Chinese National Health Commission and local CCDC....
...In addition to haven buying, gold is also benefiting from a weaker dollar, with the DXY index down 0.5 per cent to a three-month low on Friday....
...That all helped to last week drive the DXY to its biggest weekly advance in six months....
...The DXY dollar index was 0.1 per cent higher after having traded in the red earlier....
...Taking the dollar index as a proxy of risk appetite, with a steady decline during 2017 and into early-2018 for the DXY (weighted mainly in favour of the euro), and the Federal Reserve’s trade-weighted measure...
...The DXY was up 0.2 per cent on Friday to 96.649 and its highest level since January 2....
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