4 ms·

> > The value of the dollar has already plummeted, 10% or so this year. > Compared to what? In terms of the DXY "US Dollar Index" https://finance.yahoo.com/q

by jjav 1y ago

> > The value of the dollar has already plummeted, 10% or so this year. > Compared to what? In terms of the DXY "US Dollar Index" https://finance.yahoo.com/quote/DX-Y.NYB/ https://finance.yahoo.com/quote/DX-Y.NYB/

mgh95 1y ago
The dixie is weighted heavily towards the Euro (~58% weight). The euro is enough to move the index independently of other movers.
- Sammi 1y ago
  Is the euro weighted at 58% for a reason?
  - mgh95 1y ago
    Its fixed at that proportion by the index cboe. The dixie weakening is indistinguishable from the euro strengthening