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Top news and what to watch in the markets on Thursday, December 3, 2020.
US Dollar Index and major financial events. The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, [1] often referred to as a basket of U.S. trade partners' currencies. [2]
The trade-weighted US dollar index, also known as the broad index, is a measure of the value of the United States dollar relative to other world currencies. It is a trade weighted index that improves on the older U.S. Dollar Index by incorporating more currencies and yearly rebalancing. The base index value is 100 in January 1997. [1]
Early proposals of monetary systems targeting the price level or the inflation rate, rather than the exchange rate, followed the general crisis of the gold standard after World War I. Irving Fisher proposed a "compensated dollar" system in which the gold content in paper money would vary with the price of goods in terms of gold, so that the price level in terms of paper money would stay fixed.
The United States has a highly developed mixed economy. [41] [42] [43] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [44]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]
Some strategists are already getting bullish on 2022. For premium support please call: 800-290-4726 more ways to reach us
Retailers have suffered from weak sales due to customers’ struggle with high prices. Target reported a 3.1% drop in net sales from a year ago and a 3.7% quarterly dip in comparable sales, ...
The more updated exchange rate, as of 2021, is the official one, and is used here. The 1.0 exchange rate listed by the World Bank for Liberia, seems to be that of the US dollar, rather than that of the Liberian Dollar, whose exchange rate used here is the official one, whose exchange rate - as of 2020 is: US$1 = 191.52 Liberian Dollar.