.
Posted on 07/30/2025 11:07:44 AM PDT by zeestephen
The U.S. Dollar (USD) has had two quick rallies in July 2025 against a basket of foreign currencies.
(Excerpt) Read more at cnbc.com ...
By 15 July, it rallied back to 98.
In late July, it dropped back to 97.
By 30 July, USD rallied back to 99.2.
In general - USD 100 is considered neutral.
Below 100 is considered USD weakness.
Above 100 is considered USD strength.
All currencies are losing value. Some more than others, depending on the day of the week.
.
A few years ago, there was an article about purchasing power.
The 1965 dollar had the purchasing power of $7.51 in that, few year’s ago dollar.
Median income in ‘65: $7,000.
Median income today: $80,000.
Don’t underestimate the value that the “petrodollar” effect has on the USD. Deals like EU buying American energy makes the USD have more sway in the world (reduces the odds of the USD falling from being the world’s currency).
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.