weakening dollar

[golditiki2]

got a shock, the swiss frank is now one euro. Incredible but true.... still a little push and the euro, dollar swiss frank and poundc will all be worth the same, then they can baptize their common money units the NATO ( new name for the common atlantic unit. That will be the future "single atlantic currency" .


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.

BRIC nations up average of 4.7% against US dollar while the main currencies of the DXY are down an average of 17%. As of today. 12 month roll.

I do not hear this on the business news narrative.

[golditiki2]

BRIC nations up average of 4.7% against US dollar while the main currencies of the DXY are down an average of 17%. As of today. 12 month roll.

I do not hear this on the business news narrative.

well, some countries are standing because they are starched with bureaucrats. Ex.g. France has communities, cantons, departements, regions, the nations' government and the european bureaucratic organizations to feed that means a lot of people who live well. Not to speak about vital big companies which are nowadays " privatized ", but in reality held by the government and need to be subsidized year after year the sleek way in order to avoid monstruous strikes.

It means bigger and bigger need of money injections = bond issues nobody ever will payback. I.e money printing = deliberately inflating the currency value in order to "save" the starched system for the good of all.

Golditiki2+++

[golditiki2]

just read that the french EDF is making such big losses there is talk about nationalizing ( again ) the company which is too big to fall ...

The german government is gonna buy another big energy group which is at the brink of going " pleite" ( insolvency ), so when energy dinosaurs are going that way, we know the medecine will be to rackeeert the taxpayer and cut the value of the euro, because all main european countries have the same problems. Actually we are everywhere in a yearly holiday mood so everybody is more or less lethargic to what is gonna happen. September will be the cruel awakening. Many won't find out they have no job anymore.

Be prepared.

Golditiki2+++

[brutus2]

just read that the french EDF is making such big losses there is talk about nationalizing ( again ) the company which is too big to fall ...

The german government is gonna buy another big energy group which is at the brink of going " pleite" ( insolvency ), so when energy dinosaurs are going that way, we know the medecine will be to rackeeert the taxpayer and cut the value of the euro, because all main european countries have the same problems. Actually we are everywhere in a yearly holiday mood so everybody is more or less lethargic to what is gonna happen. September will be the cruel awakening. Many won't find out they have no job anymore.

Be prepared.

Golditiki2+++

It is a great time to be a politician or bureaucrat or a CEO of a multinational. No matter how bad you or your actions are, you will never have consequences.

You see, it will always be Putin`s fault

[Miteysquirrel]

I cant comprehend massive inflation and a very strong dollar...my brain hurts.

[golditiki2]

I cant comprehend massive inflation and a very strong dollar...my brain hurts.

Japan, UK and EU economies are probably "deader" than the US economy.

Golditiki2+++

[brutus2]

Japan, UK and EU economies are probably "deader" than the US economy.

Golditiki2+++

Exactly Goldtiki2. Fiat currency valuation is relative against each other.

The US dollar is like a boat with the least draft going through a very shallow passage.
You may not make it, but I would choose it over the ones with greater drafts.
In this case that definitely would be the Yen, Euro and Pound, in my opinion and many others.

[SilverPalm]

USD to Euro is 1:1 right now

[ruthenium]

A little pullback on the dollar maybe as far as 106

https://www.tradingview.com/x/hLeCtOuE/

It may only make it to the green band.