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The U.S. Dollar remains strong in the foreign exchange markets.
On Monday morning, June 13, 2022, the U.S. Dollar Index (DXY) was just under 105.00.
On June 1, 2021, the value of the U.S. Dollar Index was 89.89.
The index was up almost 17.0 percent for the year.
U.S. Dollar Index (DXY) (Wall Street Journal)
The increase, as can be seen, has been steady and continuous.
The same thing can be seen in the U.S. Dollar/Euro exchange rate.
On June 1, 2021, it took $1.2220 to purchase one Euro.
On June 13, 2022, it takes only $1.0457 to buy a Euro.
The U.S. dollar is up 16.7 percent from one year earlier.
U.S. Dollar/Euro Exchange Rate (Federal Reserve)
The Past
I was interested in this year-long strengthening of the dollar, especially with all the other things that the Federal Reserve had to focus on, like inflation, and so I took a look further back in history.
First, however, I eliminated the period that…
