$TRUMP
๐จ๐จ The US Dollar is still sitting near historic extremes ๐ฅ๐ข
The US Fed Trade Weighted Real Broad Dollar Index is trading near its highest level in 40 years
The index measures the inflation-adjusted value of the Dollar against 26 currencies based on relative competitiveness with trading partners ๐ฅ๐ข
The Inflation-Adjusted Broad Dollar Index is now ~20% above its long-term average ๐ฅ
In the past, such elevated valuations have been seen only in the 1930s and the 1980s ๐ฅ๐ข
Meanwhile, the US Dollar Index (DXY), which comprises 6 major currencies, has declined -8.4% year-to-date, on track for its worst annual performance since 2017 ๐ฅ๐ข
Historic trade-adjusted Dollar overvaluationย persists ๐ฅ๐ข
#USGovernment #US-EUTradeAgreement #MarketPullback #Market_Update
