weakening dollar

[golditiki2]

looking from this side of the atlantic, our euro and GBP are sclerotic, but WONDER, calamity euro is strengthening against the fdollar, which from my point of vieuw is a dangerous sign. Not wondering why the chinese are buying commodities. Deflationary prices in dollar and a weakening dollar is a double bonus.

something rotten in the state of USA.

Golditiki2+++

[t00nces2]

Personally, I thought it would have collapsed a while ago. The world is falling apart, we all might as well fall apart together. TPTB are dying to do a reset and I have a feeling as long as Trump is re elected, they will have to wait at least another four years. I would also not be surpised if President Trump was able to renegotiate the terms of the dollar collapse into terms that would benefit the US and help shepherd the rest of the world through to a softer landing.

[silverone]

looking from this side of the atlantic, our euro and GBP are sclerotic, but WONDER, calamity euro is strengthening against the fdollar, which from my point of vieuw is a dangerous sign. Not wondering why the chinese are buying commodities. Deflationary prices in dollar and a weakening dollar is a double bonus.

something rotten in the state of USA.

Golditiki2+++

Dude (IMHO) we are Sooo Screwed.
No Matter who Wins the stupid Election.
but, hey what do I know?
Back in 2011' I waited until 11-11-11 to convert my silver to Gold

[freeman50]

I'd say selections always have the influence to the currency no matter what choice we would do.

[yellowsnow]

canada takes the cake on printing, and i don't know who's getting the dough

[SilverPalm]

The DXY just broke though 104. The USD may be weak, but it is not the weakest. This is a 20 year high.

[brutus2]

The DXY just broke though 104. The USD may be weak, but it is not the weakest. This is a 20 year high.

One thing for sure is that it is going to be a big concern for future profits of the US multinationals.
I do not hear much about this, but if you make a significant amount of your profits, in say Japan or in Europe, ( or in many other countries, to a lessor extent),
than when you convert them back to US funds, for reporting, it may not look pretty vs prior comparisons.

Perhaps just one of several reasons for these stocks selling off lately.

Also tough headwind for gold and commodities.

I am betting the toothless Fed will take the wind out of this trend by the fall. ( will stop QE tightening just after it starts, and moderates or ends rate increases based on
two quarters of negative growth ( another convenient excuse) or they will conjure up another one ( stock markets all in bear markets or more germs or climate change or war etc. )

[golditiki2]

hihi, was just looking at the first input, dollar was weakening, I do not know what the ratio was at the time of writing, but today it is the opposite, the euro is tanking and big. I guess that the dollar and the euro might soon be 1:1 ?

Golditiki2+++

[brutus2]

As of today the US dollar index is up 15.87% in past year.
This sounds very significant and potentially very negative to emerging markets.

Lets look closer. I chose to look at everything compared to Gold and based on 1 year period.

The US dollar is up 1.72% vs Gold.

Now look at the Bric nations vs Gold

Brazil - up 5.68% vs Gold
Russia - up 15.83% vs Gold
India - down 3.89% vs Gold
China -down 3.67% vs Gold

Average - up 3.49% vs Gold

They are faring collectively better than the US dollar vs Gold in the last year, despite the endless negative stories coming out of China, Russia and India about their economies and/or situations. Russia being the strongest currency with arguably the most negative press on its economy.

Meanwhile all you hear is the great US $ and the trash that is Gold, from the main stream press.

They should be singing the trash that is the Euro and the Yen, down 14.70% and 16.12% respectively in the last 12 months vs Gold.

[brutus2]

As of today the US dollar index is up 15.87% in past year.
This sounds very significant and potentially very negative to emerging markets.

Lets look closer. I chose to look at everything compared to Gold and based on 1 year period.

The US dollar is up 1.72% vs Gold.

Now look at the Bric nations vs Gold

Brazil - up 5.68% vs Gold
Russia - up 15.83% vs Gold
India - down 3.89% vs Gold
China -down 3.67% vs Gold

Average - up 3.49% vs Gold

They are faring collectively better than the US dollar vs Gold in the last year, despite the endless negative stories coming out of China, Russia and India about their economies and/or situations. Russia being the strongest currency with arguably the most negative press on its economy.

Meanwhile all you hear is the great US $ and the trash that is Gold, from the main stream press.

They should be singing the trash that is the Euro and the Yen, down 14.70% and 16.12% respectively in the last 12 months vs Gold.

Update. Still the same picture, except Russia doing even better and Japan worse. BRIC countries still doing better ( collectively) than US dollar vs Gold in last 12 months.

Russia up 18.13%
Brazil up 7.47%
China down 2.04%
India down 4.20%
Average BRIC +4.84%

US $ up 2.15%

Pound down 11.06%
Euro down 11.17%
Yen down 16.95%

DXY ( dollar index) increased 13.8% last 12 months.

The DXY is just comparing fiat among the Vampire Club members.
Interestingly look at the total debt per person ( government/corporate/personal) among the BRIC countries vs the DXY members and you will know the rest of the story.