We mentioned yesterday that the US dollar is again breaking out and that tends to be negative for most stocks around the world. Today, we thought we would continue to look at US dollar strength. The nominal trade-weighted dollar index by major currencies is again very...
The real trade-weighted exchange rate index against major currencies has reached its highest level at the end of January since April 2003. The broader index is currently at a 69-month high. The major currency index includes six currencies (Euro, Yen, Canadian Dollar, Pound Sterling, Swedish...
The US Dollar has quietly been strengthening lately. As measured by the NYBOT Dollar Index, the USD has increased by 2.6% since the end of June and is at it’s highest level since September 2013....
So far in 2014 we have seen the dollar lose ground on a Purchasing Power Parity basis against most major currencies in the world. By our count, the dollar is undervalued against 15 major currencies and overvalued against just 3 (Hong Kong Dollar, Japanese Yen,...
