When we hear statements like “The dollar is strong,” it’s often based on comparisons to other fiat currencies, such as through the U.S. Dollar Index (DXY). But strength is always relative. When we measure the dollar’s purchasing power against assets like the S&P 500—a benchmark for the U.S. stock market—the narrative changes significantly. The S&P […]
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When investors or analysts proclaim, “The dollar is strong,” the statement sounds definitive, but it raises an important question: strong compared to what? Currency strength is inherently relative, typically measured against other fiat currencies. However, if we broaden the lens and measure the U.S. dollar against assets like Bitcoin, a very different story emerges—one that […]