Loading ...One technical indicator suggests that the dollar has reached its most overbought level in 30 years.
The z-scores of the currencies that comprise the ICE U.S. Dollar Index — the Canadian dollar, yen, British pound, Swiss franc, euro and Australian dollar — have all risen above six simultaneously for the first time since 1985.
The index DXY, -0.03% is a widely watched measure of the dollar’s strength. (While there was no euro in 1985, the shared currency eventually replaced several European currencies as a constituent of the index).
For those who haven’t taken an advanced statistics class, the z-score allows statisticians to make an apples-to-apples comparison between different data sets.
more http://www.marketwatch.com/story/the-dollar-hasnt-been-this-overbought-for-30-years-2015-11-11