🚧🔻Dollar Sensitivity to Equity Benchmark Rises: Cable FX Macro

• Dollar measured by the Cable FX Macro Dollar Index <.RDDXY> has increased its sensitivity to equity benchmark performance. The historical beta on 1-year daily returns for both indexes is now higher when compared to last year

• Our currency index shows the dollar negatively correlated to equities over last year period (R coefficient of 63%)

• Also, looking at a 1-year history of daily returns, 40% of the moves in the Cable FX Macro Dollar Index can be attributed to the swings in the equity benchmark