The chart represents an index of the US Dollar’s value against a basket of major currencies.
You can track the path the 💲 has taken after America’s Federal Reserve committed to a raft of measures designed to prop up the world’s biggest economy against the impact of COVID-19; including an uncapped Quantitative Easing programme.
Since we emerged from lockdown in late May the Greenback has nosedived to pre-pandemic lows, with the Dollar index recently closing at 93.41; levels not seen since Q2 2018.
Why’s that good news?
Because of the Dirham’s Dollar peg. Since the start of June the value of UAE real estate has fallen 🔻6.5% in real money terms, creating an incredible opportunity for investors with non-dollar denominated cash to hand!
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