1/2 Screaming Red Headline Tonight *BLOOMBERG DOLLAR SPOT INDEX FALLS TO LOWEST SINCE JAN. 2024 The Bloomberg Dollar Index (BBDXY) is 99% correlated to the DXY. (It also has an ETF that tracks it, USDU) Over the last 70 days, BBDXY has lost 7.87% of its value. This is the second-largest loss over 70 days in 15 years, and it continues to decline. However, the January 2023 low was coming off a massive dollar peak when everyone rushed into the safety of the reserve currency in the wake of the Russia/Ukraine war (April 2022). This move is slumping to oversold levels.