As such the US
broad TWI fell by only about half as much as the fall against the major currencies (Graph 18).
Not exact matches
The
broad trade - weighted index (
TWI) has risen by around 2 per cent, while the major currencies
TWI is up by around 4 per cent (Graph 23).
The
broader measure of the US
TWI, which reflects currency moves against all significant trading partners, has not adjusted down as much.
From its early 2002 peak, the US dollar has fallen by 24 per cent on the major currency
TWI but only 13 per cent on the
broader measure, which includes several currencies that are either directly linked to the US dollar or closely managed against it.