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To: C210N; T.B. Yoits
Re: "US Dollar testing all time low"

I disagree.

In spite of self-destructive budget and monetary policies, the USD has been trading at $100 or higher, against a basket of foreign currencies, for 27 months.

100 is neutral. 100+ indicates USD strength.

I think this means the USD is the least weak currency in the world.

15 posted on 07/11/2024 10:58:38 AM PDT by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
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To: zeestephen

It might be testing all time low against gold but as compared to foreign currencies, you’re right.


16 posted on 07/11/2024 11:02:54 AM PDT by steve86 (Numquam accusatus, numquam ad curiam ibit, numquam ad carceremâ„¢)
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To: zeestephen

Okay, let’s just say fiat currencies are at an all time low.

And, more to the point, the value of gold is about the same value as it has been for thousands of years.


17 posted on 07/11/2024 11:17:44 AM PDT by C210N (Mundus vult decipi, ergo decipiatur.)
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To: zeestephen
Least weak is not strength.

The dollar being "strong" compared to foreign currencies while falling against gold isn't a sign of strength, it's a sign that all these fiat currencies are being devalued.

19 posted on 07/11/2024 12:41:06 PM PDT by T.B. Yoits
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