Question on $US

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Question asked 05/06/2021

Question on $US

Dear James and Team, Many thanks, I do enjoy your daily notes. I have a mental block on this - or perhaps I am just “thick”. I do not quite understand when you say the $US trades around the 90 area and you expect it to trade around 88-95. Could you please tell me what the $US is being compared with? Apologies for being so naive. I would appreciate a response when you have time. Sent with my best wishes and very many thanks, Jacqui

Answer

Hi Jacqui,

Firstly, thanks very much for the nice feedback, really appreciate it. Secondly, no question is naive, so please feel free to ask. Thirdly, I m quoting the US dollar index which measures the USD against a basket of its major trading partner’s, which includes the Euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK), and Swiss franc (CHF).

chart

US Dollar Index (DXY)

LAST UPDATED 05/06/2021 07:37

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