Since May 2022, the US Dollar has been downgraded about 10 times.
One problem...
As I write this, the USD is trading at 102.155 against a basket of foreign currencies.
Except for one brief dip under 100.00 last July, the USD has been trading over 100.00 (neutral) for the last 19 months.
I agree - it should be going down, but apparently all the other currencies are in even worse shape than the USD!
“I agree - it should be going down, but apparently all the other currencies are in even worse shape than the USD!”
The dollar is the only game on the planet and it is a very small planet.
Thanks for that info to soften the blow ... a little bit, anyway.