dude@lemmings.worldM to news@lemmings.worldEnglish · 15 days agoDollar on track for steepest annual drop for almost a decadewww.ft.comexternal-linkmessage-square5linkfedilinkarrow-up146arrow-down10file-textcross-posted to: world@lemmy.world
arrow-up146arrow-down1external-linkDollar on track for steepest annual drop for almost a decadewww.ft.comdude@lemmings.worldM to news@lemmings.worldEnglish · 15 days agomessage-square5linkfedilinkfile-textcross-posted to: world@lemmy.world
minus-squarevatlark@lemmy.worldlinkfedilinkEnglisharrow-up2·15 days agoHere is a graph of the SNP500 that you can plot against the Euro or USD. https://www.justetf.com/en/etf-profile.html?isin=IE00B3ZW0K18#overview In the last year the SNP500 grew 28% in terms of USD but only 14% in terms of the Euro. We can look at the STOXX 600 (think Europe’s SNP500). https://www.justetf.com/en/etf-profile.html?isin=LU0908500753#overview In the last year the STOXX600 grew 35% in terms of USD but only 20% in terms of the Euro. So in both cases the difference between the Euro and USD accounted for 14%. That’s nothing to sneeze at.
Here is a graph of the SNP500 that you can plot against the Euro or USD.
https://www.justetf.com/en/etf-profile.html?isin=IE00B3ZW0K18#overview
In the last year the SNP500 grew 28% in terms of USD but only 14% in terms of the Euro.
We can look at the STOXX 600 (think Europe’s SNP500).
https://www.justetf.com/en/etf-profile.html?isin=LU0908500753#overview
In the last year the STOXX600 grew 35% in terms of USD but only 20% in terms of the Euro.
So in both cases the difference between the Euro and USD accounted for 14%. That’s nothing to sneeze at.