Posted on 01/14/2018 3:44:59 AM PST by gattaca
The United States Dollar Index or DXY measures the performance of the dollar against a basket of other currencies including EUR, JPY, GBP, CAD, CHF and SEK. This page provides - United States Dollar - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Dollar - actual data, historical chart and calendar of releases - was last updated on January of 2018.
Sorry, but there is no fixed standard against which to compare a currency. ALL the currencies are also changing their values in comparison to each of the other currencies.
There is no unchanging currency. No absolute standard.
I wasn’t sure how to analyze this data, so I posted to see what people smarter than I am would say. I read Market Watch and thought it might have something to do with the trade deficit.
This should be great news to manufacturing, mining and logging exports.
I was wondering why gold and silver jumped Friday, despite a 200+ point gain in the DOW.
Exports and tourism.
here’s an explanation of why. The end of quantitative easing has started.
The Federal reserve is signaling that interest rates will be going higher as the economy gets stronger but the Chinese are signaling they will not be buying US debt (Bonds and Tbills).
This results in the US dollar losing strength. It will drive the price we pay for imports up but should make our goods and services more economical to export.
L8r
No one wants Chinese dough
Isn’t the US dollar the standard currency for the petroleum industry?
How many rolls of toilet paper is that?
China says it won’t be propping up the petro-dollar.
https://www.rt.com/business/413107-petro-yuan-futures-trading/
I believe that means the dollar is worth less overseas which means imports will cost more. Seems like a very big drop though.....10%? This doesn’t make sense to me.
Not 10%, caption says 1.01%.
To me, that is not a big shift.
The Fed sets short term rates only. Our last Treasury auction was Thursday and there was strong demand. That pushed the 30 year rate DOWN a little.
The Chinese had been manipulating the value of the Yuan vs the USD for a long time. They would gobble up our Treasuries and the end result was a higher dollar vs Yuan. That was then, when they were flush with cash. They are issuing their OWN debt now and have actually sold off some T bonds they held. Now the seesaw is moving the other way. It is one of the reasons oil is over $50 per barrel.
I am OK with Chinese goods being a little more expensive and the price of oil at the level where the US oil & gas production is profitable.
“There is no unchanging currency. No absolute standard.”
What about GOLD???
The idea of gold is foolish.
Countries are billions and trillions in debt.
With GDPs running in the trillions.
There isn’t enough gold to run the worlds economy
Thanks, was early and brain not in gear.
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