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
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