Right in the center of that range, other than the Reagan explosion. And oh man that was an awesome time to be in Europe, which I was. The finest restaurants in Paris were as cheap as McDonalds back home. Miss ya, Ronnie!
Should help our exports bigly.
As long as congress keeps borrowing to spend then it is only going to get worse. Lets not forget the credit downgrades.
Right in the center of that range, other than the Reagan explosion. And oh man that was an awesome time to be in Europe, which I was. The finest restaurants in Paris were as cheap as McDonalds back home. Miss ya, Ronnie!
“Above $100 indicates USD strength - Below $100 indicates USD weakness “
Not quite. 100 was set in 1973 when the index was started.
If it was started at another time, the current value could be 125 or 80.
As the dollar drops in value foreign countries are less excited about buying US Government bonds.
As Congress is less and less excited about cutting waste, fraud, and abuse, the buyer of last resort for US Government bonds is the Federal Reserve.
And we always thought Monopoly Money was just a child’s game.
Trump dropping bunker busters on Iran’s nukes keeps this US dollar strength number from being lower. The world is in awe of US military reach and strength for a while.
Good
The US dollar is down 11.9% since the Inauguration.