XE Market Analysis: North America – Dec 29, 2017

The narrow trade-weighted USD index (DXY) ebbed to a three-month low of 92.42. This is the culmination of a near 1% decline this week, and a 8.5% decline on the year-to-date, with the dollar ranking as the weakness of the main currencies we track. This is despite the Fed having hiked rates three times, and reflects in part the fact that the U.S. 10-year yield has been near net flat on the year.