DXY says the dollar is strong. \ud83d\udcb5
Does that mean every USD pair should behave the same\u00a0way?<\/p>\n
No. And today\u2019s market is a good example.\u00a0\ud83d\udc40<\/strong><\/p>\n DXY is around 102.0<\/strong>, but look under the\u00a0hood:<\/p>\n \ud83c\uddea\ud83c\uddfa EUR\u200a\u2014\u200a57.6%<\/strong> of DXY So almost 58% of DXY is the euro\u00a0alone<\/strong>.<\/p>\n Right now, EUR\/USD is near 1.123<\/strong>, pressured partly by French fiscal and political uncertainty. USD\/JPY is around 158.3<\/strong>, where Japanese policy and inflation have their own influence. Meanwhile, the Indian rupee is near 96.6 per dollar<\/strong>, affected by oil prices and RBI intervention\u200a\u2014\u200ayet INR has zero weight in DXY<\/strong>.\u00a0\ud83c\udf0d<\/p>\n \ud83d\udee2\ufe0f Add Iran, Hormuz risks and volatile oil prices, and the differences can become even larger. Oil importers, exporters and safe-haven currencies can react very differently to the same headline.<\/p>\n \u26a0\ufe0f DXY up \u2260 every USD pair up<\/strong> DXY is one lens on the dollar, not a universal USD thermometer. \ud83c\udf21\ufe0f<\/p>\n \ud83c\udfaf When trading a USD pair, analyse both sides of the pair<\/strong>, not just\u00a0DXY.<\/p>\n \ud83d\udc49 Trade with NordFX: https:\/\/my.nordfx.com\/en\/registration?utm_source=social&utm_medium=post&utm_campaign=nordfx<\/a><\/p>\n #NordFX #DXY #USD #Forex #TradingEducation<\/p>\n \ud83d\udcda NordFX Education: DXY Is Not the Dollar<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" DXY says the dollar is strong. \ud83d\udcb5Does that mean every USD pair should behave the same\u00a0way? No. And today\u2019s market is a good example.\u00a0\ud83d\udc40 DXY is around 102.0, but look under the\u00a0hood: \ud83c\uddea\ud83c\uddfa EUR\u200a\u2014\u200a57.6% of DXY\ud83c\uddef\ud83c\uddf5 JPY\u200a\u2014\u200a13.6%\ud83c\uddec\ud83c\udde7 GBP\u200a\u2014\u200a11.9%\ud83c\udde8\ud83c\udde6 CAD\u200a\u2014\u200a9.1%\ud83c\uddf8\ud83c\uddea SEK\u200a\u2014\u200a4.2%\ud83c\udde8\ud83c\udded CHF\u200a\u2014\u200a3.6% So almost 58% of DXY is the euro\u00a0alone. Right now, EUR\/USD is near 1.123, […]<\/p>\n","protected":false},"author":0,"featured_media":238236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-238235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/238235"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=238235"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/238235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/238236"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=238235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=238235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=238235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\ud83c\uddef\ud83c\uddf5 JPY\u200a\u2014\u200a13.6%<\/strong>
\ud83c\uddec\ud83c\udde7 GBP\u200a\u2014\u200a11.9%<\/strong>
\ud83c\udde8\ud83c\udde6 CAD\u200a\u2014\u200a9.1%<\/strong>
\ud83c\uddf8\ud83c\uddea SEK\u200a\u2014\u200a4.2%<\/strong>
\ud83c\udde8\ud83c\udded CHF\u200a\u2014\u200a3.6%<\/strong><\/p>\n
\u26a0\ufe0f DXY down \u2260 global dollar demand\u00a0down<\/strong><\/p>\n