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Dollar seen as risky currency status alert


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Posted
22 minutes ago, Harrisfan said:

Err all fiat has been depreciating for a 100 years.

Nice try at covering a winning failure! Go trump

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Posted
Just now, black tabby12345 said:

 

Don't worry.

Those who criticize DT, often know more about economy, than his blind followers.

Certainly not dumb enough to buy Zimbabwean dollar.

 

Really? Guys in Pattaya condos who don't get out much are geniuses? :cheesy:

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Posted
10 minutes ago, black tabby12345 said:

 

Wide range of choice from the Hard Currencies.

To pick one from the above that suits own need.

Some prefer EUR, some might GBP, AUD etc (certainly not Russian Rouble, N/Korean Won).

In foreign exchange dynamics, when one major currency falls, others(in other economic region) often rise).

Strength of the money depends on the level of trust that issuing country gains from the outside world.

Factors: Trade and current account balance, political/social stability, unemployment rate, GDP-Debt ratio etc.

Even though it sometimes moves in the way defying economic fundamentals (by the influx of speculative fund).

 

 

 

If Trump haters are so smart and rich why are they whingeing non stop? They must be raking in millions a year with currency speculation.

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Posted
3 minutes ago, JensenZ said:

Yes, they want the dollar and Trump to fail. Some of these twisted Democrats are siding with China. These types of articles written by experts are adding to the drop in USD strength, because it's sentiment that drives the markets, not real economic data.

 

Let's take a look at the USDX going back 25 years on a monthly chart. It dropped about 10 points in the last 3 months, but this is not the first time this has happened, and it's far too early to predict doom and gloom, but the negative (expert) reporters are trying their damndest to make it collapse. It has ranged between 71 and 120, so now it's somewhere near the average price.

 

I remember having arguments with a friend who was predicting the imminent collapse of the USD 15 years ago.

 

 

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I think they are so full of hate it does not matter what he does. 2017 to 2019 economy was good yet they whinged non stop. 

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Posted

Nobody has been panicking since last Friday, as the USDX has been trading in a tight range around 99.5 points.

 

For those who think the USD will lose its place as THE global reserve currency, what will replace it?

 

Daily trading volume in the Forex Market:

 

USD: $6.6 trillion

EURO: $2.3 trillion

Japanese Yen: $1.2 trillion

GBP: 968 billion GBP

CNH (China): $526 billion

AUD: $479 billion

CAD: $467 billion

 

 

 

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