The U.S. Dollar Index is used to measure the value of the dollar against a basket of six foreign currencies: the euro,
Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona.
The index was established shortly after the Bretton Woods Agreement dissolved in 1973 with a base of 100, and values since
then are relative to this base. The value of the index is a fair indication of the dollar’U value in global markets.
USD is breaking out of a 7 1/3 years consolidation channel and will likely gain more strength against this currency basket, particularly against the EUR.
The US will likely be able to avoid a recession and a stronger economy.
So get used to the idea for a parity of the USD against the EUR and likely even the EUR trailing the USD sooner then later.
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Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona.
The index was established shortly after the Bretton Woods Agreement dissolved in 1973 with a base of 100, and values since
then are relative to this base. The value of the index is a fair indication of the dollar’U value in global markets.
USD is breaking out of a 7 1/3 years consolidation channel and will likely gain more strength against this currency basket, particularly against the EUR.
The US will likely be able to avoid a recession and a stronger economy.
So get used to the idea for a parity of the USD against the EUR and likely even the EUR trailing the USD sooner then later.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
