Finally, the dollar strengthening came to an end from a short term perspective. The dollar index tracks the relative value of the U.S. dollar against a basket of six influential currencies (Euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK), and Swiss franc (CHF).)
![](https://i0.wp.com/www.marketcalls.in/wp-content/uploads/2022/09/image-2.png?resize=1024%2C610&ssl=1)
Last couple of months dollar index moved in a one-way street and the last couple of days Dollar Index (DXY) went perpendicular nearing 20 Year high followed by an upthrust bar indicating a potential trend reversal. An Upthrust bar is a wide range bar seen during an up-trend when the price makes a new high and closes strongly down on the high volume.
![](https://i0.wp.com/www.marketcalls.in/wp-content/uploads/2022/09/image-4.png?resize=1024%2C610&ssl=1)
Relative Performance
Year-to-date JPY/GBP depreciated approx 20%. Comparatively, Indian Currency INR depreciated against USD only 9.29%.
![](https://i0.wp.com/www.marketcalls.in/wp-content/uploads/2022/09/image-3.png?resize=840%2C384&ssl=1)
In the short term looks like the global currency crisis came to an end.