Bloomberg Dollar Index Usually Bursts Out of Tight Range: Chart
(Bloomberg) -- With all the economic and geopolitical events in the news, it’s easy to lose sight of something: The U.S. dollar just isn’t moving. In fact, the Bloomberg Dollar Spot Index’s 100-day trading range, at just over 2 percent on Thursday, is the smallest since 2014. But one thing to notice is that, while the index might ease into a tight range, it usually explodes out of it.
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