[jjav]

> > The value of the dollar has already plummeted, 10% or so this year.

> Compared to what?

In terms of the DXY "US Dollar Index"

https://finance.yahoo.com/quote/DX-Y.NYB/

[mgh95]

The dixie is weighted heavily towards the Euro (~58% weight). The euro is enough to move the index independently of other movers.

[Sammi]

Is the euro weighted at 58% for a reason?

[mgh95]

Its fixed at that proportion by the index cboe. The dixie weakening is indistinguishable from the euro strengthening