Over the last 15 years, the dollar has seen 7 instances of yearly down performance. Our measure of the dollar <.RDDXY> fell 2.2% in 2023 while it recorded the largest downside in 2009
The table below lists the 6-month and 12-month performances following a down year in the Cable FX Macro Dollar Index. On average, the dollar tends to recover after posting yearly losses
We have seen back-to-back losses in the Cable FX Macro Dollar Index in 2009/2010 and 2019/2020.
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