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May 4, 2022

The U.S. Dollar Index reached the highest level since the end of 2002 and could be a negative sign for future economic activity.

The U.S. Dollar Index (DXY) got to the highest closing level since December 2002.  The U.S. Dollar has been increasing against all of the major currencies within the DXY index as well as some of the largest emerging market currencies.  Historically, a large increase in the U.S. Dollar exchange rate signals a tightening in lending...
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