The dollar has been considerably devalued. It is at an all time low on the USDX. It's value has steadily been falling since 2001. Last Wednesday it closed in the 74 range. Some economist state that the dollar is unsustainable at this level.
The dollar has been considerably devalued.
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I even recall some of my early days of business travel to the Orient, when I could get well over 300 yen for a buck. The steady decline is evident.