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DXY and EUR/USD are often treated as interchangeable signals for the US dollar. They are closely related, but they answer different questions. EUR/USD shows the dollar’s value against one currency: the euro. DXY measures the dollar against a basket of six currencies. For a fast read on the relationship between the two largest developed-market economies, EUR/USD is often more direct. For a broader view of the dollar across its main developed-market counterparts, DXY is usually…
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