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> > The value of the dollar has already plummeted, 10% or so this year.

> Compared to what?

In terms of the DXY "US Dollar Index"

The dixie is weighted heavily towards the Euro (~58% weight). The euro is enough to move the index independently of other movers.

Is the euro weighted at 58% for a reason?

Its fixed at that proportion by the index cboe. The dixie weakening is indistinguishable from the euro strengthening