Jeff Snyder
👤 SpeakerAppearances Over Time
Podcast Appearances
This is horrible stuff.
But, I mean, it's the reality.
The reality is we can't change it.
We can't go backwards.
So let's be honest about it and deal with it moving forward.
Oh, there's a lot there.
And you're right in my wheelhouse, too.
There's a lot of misconceptions there.
First of all, DXY Dixie is not the dollar index.
It's the one that everybody knows and that's what everybody follows.
But as you said, it's basically the euro.
It's 57 percent the euro.
And the euro has had a good year against the dollar.
But even the overall narrative misses a lot of context.
And a lot of context is the dollar had a major spike at the end of last year and the early part of this year.
So the base comparison is off to begin with.
The dollar isn't crashing.
It isn't even actually going lower.
The dollar is down from extreme levels earlier this year.
What is the dollar actually?