In this report I cover the early market action from London on Friday, September 7th, 2018. I look briefly at the precious metals, the stock market, the dollar, the oil price and the bond market.
Today I look at the dollar index and how it has actually been doing since the Federal Reserve started raising interest rates back in December of 2015. I also look at the history and the composition of the dollar index as it gives us a better understanding what the dollar is being measured against.
My conclusion from looking at the dollar as per the dollar index is that the health of the dollar is being hyped and that the health of the dollar is not great and that like all other fiat or paper currencies the dollar is more like a zombie than a king.
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