Dollar | ¹û¶³´«Ã½ Our Members Bring Choice, Value & Innovation to Agriculture Tue, 05 Jan 2021 20:46:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.4 /wp-content/uploads/2023/09/fema-favicon-75x75.png Dollar | ¹û¶³´«Ã½ 32 32 Watching the U.S. Dollar /shortliner/watching-the-u-s-dollar/ Tue, 05 Jan 2021 19:13:23 +0000 /?p=12559 First Trust Advisors suggests keeping an eye on the relative value of the U.S. dollar. After appreciating 15.49% from 3/26/18 (Trump administration launched trade tariff program on 3/8/18) through 3/20/20, the U.S. Dollar Index (DXY) declined by 12.53% from 3/20/20 through 12/31/20, according to Bloomberg.

It stood at a reading of 89.94 on 12/31/20, just below its 20-year average reading of 89.99.

Citigroup estimates that the dollar could decline by as much as 20% in 2021, providing the vaccines get distributed, according to Bloomberg. The last time the U.S. Dollar Index was below a reading of 75 was in October 2011.

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