Because it, like too many commentators, uses an obsolete dollar index in DXY, which measures dollar strength or weakness relative to just SIX currencies: EUR, JPY (!), GBP (!), CAD (!), SEK (!), CHF (!).
The Federal Reserve has developed broader indices weighted to the countries the U.S. trades with the most.
U.S. GDP is $31.1 trillion.
EURO ZONE GDP: $16.5 trillion.
Japan: $4.3 trillion.
Great Britain: $3.6 trillion.
Canada: $2.3 trillion.
Sweden: $0.6 trillion.
Switzerland: $1 trillion.
Global GDP: $117 trillion.
... It’s as if cars, instead of slowing down at a flashing yellow light as expected, started speeding up. ...
The traditional connection between the American economy’s performance and the value of the dollar has also been snapped. Uncertainty tends to increase the dollar’s value compared with other currencies as investors seek a safe haven in risky times. But the dollar has sunk to its lowest level in years. ...
Analysts backed down on their predictions that Mr. Trump’s tariff blitz last spring would cause higher prices ...
Even by DXY standards, the dollar is not weak at 97, well within its long term average range between 95 and 105.
And The New York Times is ignoring that wholesale prices increased at a higher rate in 2025 than in either 2024 or 2023.
Traffic fatalities surged during the COVID-19
pandemic. This research highlights the fact that disadvantaged
communities bore the brunt of the increase and calls for holistic
solutions to promote equitable access to safe transportation.
