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"In the 1st chart, US Dollar Index, one should have no problem being able to see that vs. other currencies the US Dollar has been in steady decline. That trend by my calculation is a decline of -0.86% annually across the period. It is important to note that this trend line is drawn by hand and ignores the spikes which have occurred periodically. Mathematicians will cringe at not including all the data. But, I counter that using mathematics which would include all the data including the spikes is not only misleading but it misunderstands the basis of the information presented. This data represents human activity globally and how we value trade between countries. Every day we decide a relative value of how much of ‘our work in our currency system’ we are willing to exchange for goods and services for ‘work in other currency systems’. There are periods during which market psychology dominates the long term trend, distorting the data. Hand drawn trends are the only means one has to ignore short term deviations which time shows had no long term impact. This is called Empirical Analysis."
"In the 1st chart, US Dollar Index, one should have no problem being able to see that vs. other currencies the US Dollar has been in steady decline. That trend by my calculation is a decline of -0.86% annually across the period. It is important to note that this trend line is drawn by hand and ignores the spikes which have occurred periodically. Mathematicians will cringe at not including all the data. But, I counter that using mathematics which would include all the data including the spikes is not only misleading but it misunderstands the basis of the information presented. This data represents human activity globally and how we value trade between countries. Every day we decide a relative value of how much of ‘our work in our currency system’ we are willing to exchange for goods and services for ‘work in other currency systems’. There are periods during which market psychology dominates the long term trend, distorting the data. Hand drawn trends are the only means one has to ignore short term deviations which time shows had no long term impact. This is called Empirical Analysis."
[text] The US Dollar is Actually Still in a Down Trend - ValueWalk
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