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Over this time, the US dollar index, DXY, has soared 21% to its highest level since November 2022. The broader Bloomberg Dollar Spot Index, BBDXY, has increased 17% to its highest since November 2022. In 2024 alone, these indices jumped 7% and 8%, respectively, as markets are priced-in higher for longer Fed policy. The US Dollar is stronger than ever. submitted by /u/XGramatik |
![[link]](https://i.redd.it/i8kqqzrsfuae1.jpeg){kind=link}
S&P 500 CLOSES 1.1% LOWER, NASDAQ 100 DOWN 1.8%. Over $625 billion of market cap has been erased today.
submitted by /u/XGramatik [link] [comments]