Transportation Index, New Zealand Dollar/U.S. Dollar and Australian Dollar/U.S. Dollar
Consider the Dow 30 year to date increased 9.74 percent, the Dow Transportation Average increased 17.51 percent, Australian dollar/U.S. dollar price increased year to date from 8800 to 1.0110, and New Zealand dollar/U.S. dollar increased from 7041 to 7970.
Some Things to Consider
Traditional Dow Theory aligns with the supposition that the Dow Industrial averages is the measure of manufacturing health while the transportation index is the measure of transporting manufactured goods. Each index moves traditionally in conjunction with each other as a measure of an economy in proper order. Australian dollar and New Zealand dollar can be measured in terms of the ...
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