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of 4 > ECONO FACT The Decline in the Dollar Dollar Exchange Rate Index By Michael Klein and Jay C. Shambaugh - June 2, 2017

of 4 > ECONO FACT The Decline in the Dollar Dollar Exchange Rate Index By Michael Klein and Jay C. Shambaugh - June 2, 2017 Fletcher School, Tufts University and George Washington University - Link to Original Memo U.S. Exchange Rate Indices and 10-Year T-Bill Rate July 2016 through May 2017 126-Dollar Against Major Trade Partners 124- Stacked 122- 120- 118- 10 Year Treasury Bill Rate Dollar Against Other Currencies -2.6 -2.4 -2.2 2 1.8 10 Year Treasury Bill Rate

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