marctomarket.com / by Marc Chandler / March 01, 2017
To begin assessing the dollar’s impact on the US economy, nominal bilateral exchange rates may be misleading. From a policymakers’ point of view, the real broad trade weighted measure is more important. The Federal Reserve tracks it on a monthly basis.
This measure of the dollar snapped a four-month advancing streak ended in January with a marginal loss (0.05%). Last month, the real broad trade weighted measure fell 1.41%, the largest fall since last March’s 2.09% decline.
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