Currently trading at 1.1603. Certainly not plummeting from yesterday. So pick your time period. A week, a month, a year? What exactly are you talking about and where exactly are you sitting? And do you think today’s movements in currencies are solely predicated on this article? I mean, there are plenty of reasons to doubt the USD fundamentals, the US debt load and the fact that there is a seemingly delusional individual as the president of the country for starters. Those seem far more meaningful to me than this location move for Dutch gold. This move is part of a bigger jigsaw puzzle imho. Confidence in USA decision making has to be at an all time low. Picking fights with enemies and allies alike, on a whole range of issues, willingness to use military force, reneging on agreements…all at the same time. It’s not a good look. So yes, countries will react, not necessarily in a grandiose or confrontational way, but gradually, quietly, they will vote with their feet. This move is just one part of that gradual slow moving tide withdrawing from USA influence.
