butt ugly Chart of the Week:
The U.S. Dollar continues to weaken versus a basket of other currencies. While this may be a net positive for exporters, nearly half of U.S. debt is held by foreign governments.

U.S. Dollar Index (CEC) Daily Commodity Futures Price
USC3.gif
Source: TradingCharts.com

The U.S. Treasury keeps discussing their “Strong Dollar Policy”, but its said with a “wink-wink, nudge-nudge” worthy of Monty Python. What could reverse the long-term downtrend? If the Fed raises rates, or the U.S. deficit issues get resolved, or if the Current Account Balance improves, would certainly help.

Source:
The Capital Spectator

Category: Finance

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

Comments are closed.