Wednesday, January 13, 2016
There's the US dollar, then there's the US dollar
Nude Eel Demoncrat - here's a 5 year graph of the US$. Where he gives us this chart:
To which I reply:
It seems that the US dollar is still going up. It's just that the simple US$ index isn't capturing all the information required from an international macro perspective.
What's the difference between your simple USD calculation and the TWUDX, NDD?