https://www.mrci.com/pdf/dx.pdf
Posted on 09/16/2024 8:55:03 AM PDT by zeestephen
Monday - 8:55 AM PST - US Dollar trading at 100.47 - 100 is considered neutral - Above 100 is considered strength - Below 100 is considered weakness - US Dollar down about 6% over the last year - Down 6% is considered a big move for a major currency.
(Excerpt) Read more at cnbc.com ...
Picture of Biden and Harris pointing at numbers saying, “We did this”...
Ain’t Bidenomics (aka Kamalomics) great?
I am sure it can go a lot lower.
https://www.mrci.com/pdf/dx.pdf
a-lot.
A weak dollar in relation to foreign currencies makes foreign goods more expensive but our exports to other countries cheaper.............
Ahh, our exports! What are they, again?
looks bullish to me but wdik.
The reason we’re the envy of inflation ravaged nations is because we can export our inflation using the dollar. This is the major reason they are trying to ditch our Reserve Currency status. if the BRICS ever get their stuff together, we’re in deep crap.
The 40 year annual chart does have a bullish cup and handle pattern.
The ten year quarterly chart - not so much.
Looks like the dollar hit by a BRIC.
The U.S. dollar originally was defined April 2, 1792 as as a unit of weight equaling 371 4/16th grains (24.057 grams) of pure silver, or 416 grains of standard silver (standard silver being defined as 1485 parts fine silver to 179 parts alloy). By that definition, with silver currently at $30.80 / troy ounce, the current dollar is worth 0.0251116071428571 of what it was, or 2.51116071428571 cents.
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