Dollar’s sharpest fall since 1987

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The dollar, the national currency of the United States and still the most powerful in the world, had the worst start of the year in thirty years. Against a basket of international currencies, the DXY index, which represents the strength of the dollar, slipped by 2.6% in January 2017, something unseen since 1987, especially since the Dow Jones (DJIA) at the New York Stock Exchange lost 22.6% on the single day of October 19, 1987.

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