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Direction of Dollar Index unclear

The dollar index is made up of a basket of 6 currencies:

  1. Euro – 57.6%
  2. Japanese Yen – 13.6%
  3. Sterling Pound – 11.9%
  4. Canadian Dollar – 9.1%
  5. Swedish Krona – 4.2%
  6. Swiss Franc – 3.6%

The current weight was fixed since 1999.

Attached is a chart of the Dollar Index (DX). Its direction is unclear but a more definitive picture should be available in a couple of days only.

Direction of dollar unfolding

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