The DXY (dollar strength index) is almost as high as it was in late 2022. How popular must Biden have been?
I'm not getting on your case Lullapie but we spoke about this before. A strong currency doesn't happen for the reasons you think it does, and isn't as good as you think it is (unless you're an American going on holiday, in which case it's great).
A sincere thanks for the heads up, it's appreciated.although i haven't been scammed, i took some good advice from a family friend who had a look, i was mistaken, my investment made 9k$ not ?'s, it gets put back into my account as bit coin. I have invested in various commodities as much as i can afford to lose, yesterday i had a dip by 2,000$ but i am still well up.
I am not really enjoying the process i just wanted to see what it was all about so i don't see myself in it for a long while, but once again thanks for the heads up.
Well the job I do, a strong US dollar isn't good for us or US exporters and it does make imports to the US cheap. However, we are never going to agree because where you are coming from is light years away from where I'm coming from.
All I can say is with the contacts I have in the US, they are more bullish than I can ever remember because of the change in government.
I met tons on people in the US in the last 5 weeks, from all walks of life. All but 2 of them were pro-Trump. The 2 that weren't said that the US has missed the opportunity to appoint possibly the best President in living memory by not voting in Harrris.
I rest my case.
We probably do have different opinions about Trump but I don't think that's relevant here. The strength of the dollar is simply not an indicator of bullishness on the president - there's no other way to put it.
It's connected to a lot of different things but in this case inflationary pressure. That's why it was strong in '22, that's why it's going up now - almost all of Trump's policies are inflationary. This is absolutely not sour grapes as I get paid in a currency pegged to the dollar and convert it to euros and pounds - it has worked out very well for me.
As I told you before, Trump himself prefers a weak dollar to a strong one.
Last edited by Med Pie; 14-01-2025 at 02:09 PM.