Major Currencies Year-to-Date


This Great Graphic was created on Bloomberg. It shows five major currencies against the US dollar this year. To avoid giving a misleading impression, the currencies are index to start this year at 100 and all the currencies are quoted in the European style of how many dollars the currency purchases. These kinds of charts are not so much for trading, but they help illustrate the relative moves that can be masked by nominal price changes. The green line is sterling. It clear outperformed in the second half of January, but that phase appears over. The white line is the yen, and it is the strongest of the currencies we … (full story)