The Positive Relationship Between Short Term Rates and the Dollar Index
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I wanted to highlight a few quick recent charts of how the US Dollar Index positively correlates (moves in the same direction) with the 3-month Treasury Bill Discount Rate.
It’s not the most fascinating topic, but it’s definitely important to know of this relationship, so let’s take a look at a couple of recent charts.
First, a ‘zoomed in’ view of the recent action:
You can view this comparison in StockCharts with symbols:
$IRX for the 3-month T-Bill Discount Rate (short-term)
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