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First, of course, is currency movements. A lot of people measure things in US dollars, but in fact the US dollar is one of the currencies that goes up and down the most. Since everything inside WIP is outside the US, the price (measured in US dollars) goes down when the US dollar goes up, and vice versa. This is an illusion...the global general purpose purchasing power is staying flat.I've been trying to understand the consternation about the US dollar. Looking at the long-term chart (60+ years of DXY), it looks pretty stable. Seems like it averages about 100, the vast majority of time it trades +/-10% from 100, it periodically trades +/-20% from 100, and VERY rarely (once in 60 years) trades +/-30% from 100. In fact it appears remarkably stable considering the passage of history.
This is the chart I am looking at -
tradingview.com: DXY — U.S. Dollar Index Chart
