Posted on 06/13/2025 8:12:44 AM PDT by zeestephen
At this writing, trading at $97.75 - This index measures the value of the U.S. Dollar (USD) against a basket of foreign currencies - $100 is considered neutral - Below $100 indicates USD weakness - Above $100 indicates USD strength - In January 2025, USD was trading at close to $110 - USD has been trading between $90-$110 for the last ten years
(Excerpt) Read more at cnbc.com ...
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Don't know if that's true.
A weakened dollar helps business. A strong dollar, Wall Street.
Lower dollar helps U.S. exports and stymies imports.
Just great…..
(((YAWN))) While the maggots in the RAT “media” cheer. They hate Americans. They put foreigners first.
Wouldn’t you know it? Just as we are planning our first trip to the UK in many years.
A lower USD means that USA citizens must pay more to purchase foreign goods and pay more when they travel to foreign countries.
….and Gold resumes it’s march upwards….best to keep your eyes “on the ball”….
It’s true. They’ll buy more US stocks too and hold them until the rates reverse for an easy profit.
Current price - at this writing - $3,444 per ounce
https://www.cnbc.com/quotes/@GC.1
.
Next target, $4,000 t/oz.
“””I’ve heard that a weak dollar is good, because it means foreigners can buy more of our stuff, and spend more tourist dollars here, which is good for our economy.”””
1. Dollar down = more exports
2. Dollar down = pricier imports
3. Dollar down = higher gold prices
Thanks, Karl Spooner.
I have not looked at a USD-Ruble chart for months.
30% improvement since New Years Eve.
“Next target, $4,000 t/oz.”
In 2015 you predicted it would hit $5,000 in 2015!
“A weakened dollar helps business. A strong dollar, Wall Street.”
Wall Street IS U.S. business.
What’s good for Wall Street is often not good for Main Street.
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