by Wolf Richter
Wolf Street
Despite the “Dollar’s Collapse,” the USD remains in its 3-year range and a lot higher than it was before.
The Dollar Index [DXY], which represents a basket of six currencies dominated by the euro and the yen, the two largest trade currencies behind the USD, “plunged” or whatever to 99.78 today, down from 109 at the beginning of the year.
And all kinds of theories have been concocted why this dollar-collapse scenario is playing out: