The 80 level for the dollar [Newbie] - MarketTicker Forums


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Cynic Posts: 761 Incept: 2007-07-03 Rainy old England	Hi All Karl's post on Monday stated "If the dollar appears likely to assault the 80 level..." What is the 80 level? I see constant references to it in the press - and it is always considered to be important - but I cannot seem to find a definition of this level. How is it calculated? Is it a ratio of the dollar to some other currency? Your advice would be much appreciated. Cheers NewB 2007-07-03 11:45:36 Permalink
Genesis Posts: 130795 Incept: 2007-06-26	The "DX", or Dollar Index, is a composite of the Dollar's strength against a basket of other currencies. The only reason the Dollar is not in a full-on collapse is that the Yen (which is one of the currencies in the basket) is ALSO weak. http://www.fxstreet.com/rates-charts/usd.... ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2007-07-03 11:50:14 Permalink
Cynic Posts: 761 Incept: 2007-07-03 Rainy old England	Thank you - NewB 2007-07-03 14:04:50 Permalink