May 27 2021
What is it good for?
What is the point of the DXY when it is made up of 57.6% of the EUR? Why does it still include the SKR with a weighting of 4.2%, The CHF with 3.6%, CAD a huge trading partner of the USA is only 9%, GBP 11.9%, JPY 13.6%.
I know the EUR make-up is the result of the European legacy currencies, but surely it is time to adjust this dinosaur to reflect the realities of global economic activity in 2021, not 1973.
It’s my opinion it must be time to reflect the true value of the USD with the addition of the CNY, MXN, and KRW, Three of the USA’s biggest trading partners.
Without these new additions the US Dollar Index is good for, absolutely nothing!
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