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Dollar’s Biggest Decline? 2001-08
Posted By Barry Ritholtz On April 23, 2011 @ 1:38 pm In Currency | Comments Disabled
Where were all you concerned dollar bulls earlier in the decade? It strikes me that like the late-to-discover inflation, you folks cannot spot a trend until it bites you in your collective asses.
While the WSJ  is upset that the dollar has been range bound between 72-87 the past 3 years, I strongly urge them to look at the 7 years before that.
Consider the following charts: The one at right was in today’s WSJ, and shows the US currency off by less than 20% over the past few years.
That’s not a dollar collapse; A fall from 121.02 in July 2001 to 70.69 in March 2008 — Now THATS a dollar collapse:
Source: Barchart.com 
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URL to article: http://www.ritholtz.com/blog/2011/04/dollars-biggest-decline-2001-08/
URLs in this post:
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2011/04/DOLLAR_NS_20110422173307.jpg
 WSJ: http://online.wsj.com/article/SB10001424052748703907004576279321350926848.html
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2011/04/dollar-index.png
 Barchart.com: http://www.barchart.com/chart.php?sym=%24DXY&style=classic&p=MO&d=H&x=78&y=5&size=ML&log=0&ed=04%2F23%2F2011&v=0&g=1&late=1&evnt=1&divd=1&o1=&o2=&o3=&ch1=011&ch1a=&ch1b=&ch1c=&ov1=&ov1a=&ov1b=&ov1c=&ch2=&ch2a=&ch2b=&ch2c=&ov2=&ov2a=&ov2b=&ov2c=&submitted=1&fpage=&txtDate=04%2F23%2F2011#jump
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