Why Nostr? What is Njump?
2023-09-22 12:55:21
in reply to

NBS on Nostr: npub1ptmc8…96rn8 Caleb James DeLisle Currency strength/weakness is always relative, ...



Currency strength/weakness is always relative, so dollar strength won’t reflect any changes to purchasing power domestically. But as the dollar strengthens, your purchasing power internationally does increase.

DXY is just a basket of foreign currencies: Euro, Yen, Pound, Canadian Dollar, Swedish Krona, and the Swiss Franc. So it’s movement represents those currencies’ changes vs the dollar. Point being, currencies are always relative.
Author Public Key
npub1ydmg5ndgr9px5ekcxnxaf9ktrcd2scnkx7cf9xrnaxxnea90aevsgf5tav