Doug on Nostr: Well remember the DXY is the USD dollar vs 6 other major currencies, so think of it ...
Well remember the DXY is the USD dollar vs 6 other major currencies, so think of it as more relative value. The dollar could be rising or foreign currencies dropping. I’d venture to say foreign dropping as their tightening cycles take effect on naturally weaker and less insulated economies. Nonetheless the USD is gaining somewhat.
Published at
2023-02-28 15:25:34Event JSON
{
"id": "af22b0de26193b6c751e3acd4560e4bde21e76b21d9f2cea8f03dbe5d960a45a",
"pubkey": "0c3e82accc5485a50badb2d55f300646e04a24d388dc2e77c3b18cdb220042b5",
"created_at": 1677597934,
"kind": 1,
"tags": [
[
"e",
"41e392a87f78709ca90f394f5a3c80f42be2eac86062852da9d53da3f3b373f8"
],
[
"e",
"040ca8fb9bf2caa200a38fc302945b425822f1c113c461ff03a2bf46e940254b"
],
[
"p",
"85080d3bad70ccdcd7f74c29a44f55bb85cbcd3dd0cbb957da1d215bdb931204"
],
[
"p",
"b9360cd808b24ecbfd03575f3d637b1e62ca9fea415ac67b6c5b11ef15f28d06"
]
],
"content": "Well remember the DXY is the USD dollar vs 6 other major currencies, so think of it as more relative value. The dollar could be rising or foreign currencies dropping. I’d venture to say foreign dropping as their tightening cycles take effect on naturally weaker and less insulated economies. Nonetheless the USD is gaining somewhat.",
"sig": "366d24d676169d1df978d05320af5cf43c193539715368b8bf294e50757e46f2dd5f7b93f277a6ae8214cd295e76134dfe95486b0f9b55097405d8448d00680d"
}