Dollar’s sharpest fall since 1987

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.