The dollar index (DXY) is a synthetic index. It is calculated as a weighted geometric mean of the dollar's value compared only with "basket" of 6 other major fiat currencies which are:
Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight...
The dollar index has dropped from ~81.25 down to ~79.75 over the last ~3 weeks. Both gold and silver are roughly flat (down actually) in that same time frame. Wierd.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.