!!️US Dollar is falling

Is this the beginning of a structural Dollar decline?

The Bloomberg Dollar Spot Index, $BBDXY, has dropped 7% since its January peak.

This is a basket of 10 currencies which is not dominated by Euro.

At the same time, the US Dollar Index, $DXY, has declined ~10%.

However, the Euro has 58% weight in this gauge.

On a trade-weighted real basis (adjusted for inflation), the dollar has declined by ~5% since the peak.

Time for the greenback bounce or is it the start of a structural downtrend? It is too early to tell with confidence. However, you can read what might be already happening in the below analysis:

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