Comment Re: Time to resurrect the old meme... (Score 2) 249
Look at the full chart.
https://fred.stlouisfed.org/se...
The dollar rose like a rocket from 10/24 to 1/25. Then it reversed and went back to right where it was before the sudden rise. This is just a huge nothing burger. It was most likely driven by hedge funds speculating that Trump would replace Power and dramatically lower interest rates. That didn't happen and the trade reversed. This only looks dramatic due to the article's choice of measurement periods.