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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (67850)12/1/2006 3:24:31 PM
From: mishedloRead Replies (1) | Respond to of 306849
 
What is it revealing to you?

Mish



To: GraceZ who wrote (67850)12/1/2006 3:53:41 PM
From: regliRead Replies (1) | Respond to of 306849
 
"I linked to the trade weighted index and you send me a link to the broad. I know what the broad weighted index reveals, I look at it every day."

You said:

Message 23061027
"The trade weighted dollar index shows the dollar hasn't given up much ground where it counts the most, against our trading partners."

I then thought I'd point out that the broad real dollar index HAS been significantly declining for years AGAINST our trading partners as the chart shows. Here is the definition of the index from the Fed:

federalreserve.gov
Broad

The broad index is a weighted average of the foreign exchange values of the U.S. dollar against the currencies of a large group of major U.S. trading partners. The index weights, which change over time, are derived from U.S. export shares and from U.S. and foreign import shares. For details on the construction of the weights, see the article (73 KB PDF) in the Winter 2005 Federal Reserve Bulletin.