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That's not much perspective. It's down 10% but part of the reason why is that it was up quite a bit earlier this year. There was a dollar shortage and the fed o
by mpalczewski 6y ago
That's not much perspective. It's down 10% but part of the reason why is that it was up quite a bit earlier this year. There was a dollar shortage and the fed opened swap lines to alleviate. It's not that weak, and would need quite a bit of weakening to get to where it was in 2018, further weakening to get to where it was in 2013, not to mention 2011.
- jeffbee 6y agoVersus what? USD has been in a steady decline vs. CHF over the past year. USD is in fact at a five-year low vs. CHF. It's also at a 2-year low versus the Euro.
- mpalczewski 6y agoWas looking at DXY. The dollar currency index which looks at a basket of currencies, but weighs heavily towards the euro. Still hasn't dropped even to early 2018 levels against the Euro.