Dollar Index Hits 25-month High 📉
The US Dollar Index (DXY) has increased to a 25-month high of 108.11, gaining 1.81% over the past 4 weeks and 5.73% in the last 12 months.
The significant increase in the US Dollar Index (DXY) to a 25-month high is likely to have a negative impact on the investment portfolio, as a stronger dollar can adversely affect the performance of assets denominated in other currencies, such as the European market, CAC 40, and emerging markets. Additionally, the portfolio's long positions in commodities like gold and oil may also be impacted by the strengthening dollar.
Chinese Yuan Hits 13-month Low 📉
The US Dollar Chinese Yuan exchange rate increased to a 13-month high of 7.32, gaining 1.09% over the past 4 weeks and 2.67% in the last 12 months.
The increase in the USDCNY exchange rate to a 13-month high indicates a strengthening of the US dollar against the Chinese yuan. This could have a moderate negative impact on the investment portfolio, as it may negatively affect the performance of the European market, CAC 40, and emerging markets positions, which are denominated in non-US dollar currencies. Additionally, the long positions in Apple, Microsoft, and other US-based companies could also be impacted by the stronger US dollar.
South Korean Won Hits Near 16-year Low 📉
The US Dollar South Korean Won (USDKRW) exchange rate increased to a near 16-year high of 1446.00, gaining 3.74% over the past 4 weeks and 11.17% in the last 12 months.
The significant increase in the USDKRW exchange rate over the past 4 weeks and 12 months suggests a strengthening of the US dollar against the South Korean won. This could have a moderate negative impact on the investment portfolio, as it may negatively affect the performance of the long positions in the European market, CAC 40, and emerging markets, which are denominated in non-US dollar currencies.
South Korean Won Hits 25-month Low 📉
The US Dollar gained 3.62% against the South Korean Won over the past 4 weeks, reaching a 25-month high of 1445.00, and has increased 11.05% in the last 12 months.
The strengthening of the US Dollar against the South Korean Won is likely to have a moderate negative impact on the investment portfolio, as it could negatively affect the performance of the portfolio's long positions in the European market, MSCI World, and emerging markets, which are denominated in non-US Dollar currencies. Additionally, the long positions in Apple, Microsoft, and other US-based companies could also be impacted by the stronger US Dollar.