from breadwithcircus.com
The US Dollar Index is a measurement of the value of the US Dollar against a basket of foreign currencies. It is a good way to measure the relative value of the US Dollar, as it eliminates the comparison against only the Euro, or the Yen, allowing more of a big picture understanding of what the dollar is really worth.
This is a chart of the US Dollar Index over the last couple of years. It has declined by 20%.
Very good Alex! Now tell your audience why the dollar is falling.
Comment by grimgold — March 14, 2008 @ 10:49 am