2024-10: AI deployment drives the Dow Jones Industrial Average index, which in turn drives the US Dollar's value vs other western currencies

On tsterm.com when the forecast period is 6 months, and the user searches for some instrument, it will display what are computed as the most important causal predictors for the price of that instrument on the single day 6 months away from today.

As of market close Mon 21 Oct 2024, if one searches ”dow jones” for the Dow Jones Industrial Average index, the No 2 causal predictor is Accenture ACN, which may mean that the AI deployment is beginning and expanding. Accenture is a global consulting firm.

One may suspect the US dollar’s value is driven by the US industrial average index vs other western currencies. Let’s search for ”GBPUSD;EURUSD”, we see that the DJIA index is computed as the No 4 common causal predictor of the two (six months out).

If one adds further USDCHF and search for ”GBPUSD;EURUSD;USDCHF”, the DJIA index will be ranked as the No 1 common causal predictor of the three.