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The USdollar is tanking...

DA60 said:
...it's dropped from almost 104 less than a month ago to back under 100 today.

And with the Trump administration (foolishly) calling for a weaker dollar (at least in the short term)...it is probably going even lower.

Should bode well for my precious metals.

DXY Index Quote - U.S. Dollar Index (DXY) Index Price Today (DXY:NYE) - MarketWatch

And for those of you who think 'a weak dollar is good for trade'.

ONLY if you are a net exporter...which America DEFINITELY is not.

A much weaker dollar means much higher fuel prices...among other things.

We shall see.
Click to expand...

A month later and according to you, the dollar is tanking today!

:lamo
 
American said:
Okay so you don't really know, you just figured he wanted the dollar to tank.
Click to expand...

Oh Jeez...can you people look up nothing yourselves? Never even heard of Google or bing have you?

'Just days before taking office, President-elect Donald Trump roiled international currency markets, telling The Wall Street Journal that the US dollar is “too strong” compared to other global currencies, particularly the Chinese yuan.

“Our companies can’t compete with them now because our currency is too strong,” Trump said. “And it’s killing us.” His comments were followed by a 1.3 percent drop in the value of the dollar against a basket of global currencies in trading on Tuesday, to its lowest level in more than a month.'

Why Does Trump Favor a ?Weak Dollar? and Is That Good or Bad for America? - Yahoo Finance

Plus, many of his advisors have been uttering the same thing.

I mean think...Trump wants to increase exports drastically. Obviously, he will (foolishly) want a weaker dollar to do that. DUH.

Jeez...I wish you and other people would learn at least the basics of macroeconomics before you comment on here like you know it all.


You Trumpbots are as pathetic to me as the Obamabots were...political ignoramuses who are as gullible as it gets.

As far as I am concerned, anyone that puts ANY faith in any POTUS is so staggeringly naive/gullible, they are not worth talking to about politics.


We are done here.


Good day.
 
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DA60 said:
We are done here.


Good day.
Click to expand...

Back to your safe place? While you're there, consider what happens to the U.S. dollar as domestic interest rates continue to rise relative to the economies representative of the DXY currency basket.
 
DA60 said:
Oh Jeez...can you people look up nothing yourselves? Never even heard of Google or bing have you?

'Just days before taking office, President-elect Donald Trump roiled international currency markets, telling The Wall Street Journal that the US dollar is “too strong” compared to other global currencies, particularly the Chinese yuan.

“Our companies can’t compete with them now because our currency is too strong,” Trump said. “And it’s killing us.” His comments were followed by a 1.3 percent drop in the value of the dollar against a basket of global currencies in trading on Tuesday, to its lowest level in more than a month.'

Why Does Trump Favor a ?Weak Dollar? and Is That Good or Bad for America? - Yahoo Finance

Plus, many of his advisors have been uttering the same thing.

I mean think...Trump wants to increase exports drastically. Obviously, he will (foolishly) want a weaker dollar to do that. DUH.

Jeez...I wish you and other people would learn at least the basics of macroeconomics before you comment on here like you know it all.


You Trumpbots are as pathetic to me as the Obamabots were...political ignoramuses who are as gullible as it gets.

As far as I am concerned, anyone that puts ANY faith in any POTUS is so staggeringly naive/gullible, they are not worth talking to about politics.


We are done here.


Good day.
Click to expand...

Looks like you came off the chain.
 
In pre-market trading, the DOW and the dollar are falling hard while gold is doing the opposite.

Dollar is now well below the previous low since Trump took office.

Looks like the markets - so far - are none too gaga that Trump has failed/given up on repealing Obamacare.
 
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The DOW did it's usual last hour buying.

But it still closed down 50 points and that is the seventh down day in a row...the worst streak since 2011.

If it is down tomorrow, that will be the worst streak since 1978.
 
I still maintain:

1] The Trump market-bump is/was based upon market psychology, not earnings.

2] It remains to be seen what Trump's true longterm effect upon the economy will be, but I suspect it will be negative.

3] The increased stock market wealth, and the wealth & profit to be gained under Trump by the corporations and affluent, is not the same as middle-class and working-class jobs, income, and their accrual of wealth & capital.
 
Chomsky said:
wealth & profit to be gained under Trump by the corporations and affluent, is not the same as middle-class and working-class jobs, income, and their accrual of wealth & capital.
Click to expand...

This is true, for middle class to gain wealth we have to eliminate liberal policies (taxes and regulations) that shipped their jobs off shore. Plus we have to end the liberal war on Americas families, schools, and churches which has rendered many Americans unfit for middle class life.
 
Anyone who thinks Trump wants a strong dollar better think again:

TRUMP: The dollar is 'getting too strong' partly because people have confidence in me

'President Donald Trump said the dollar "is getting too strong," repeating his opinion that the currency's gain makes American products less competitive globally.

"I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me," Trump told The Wall Street Journal in an interview published on Wednesday. The dollar jumped to a 13-year high after the November election but has since given back some of the gains.'

Trump says the dollar is 'getting too strong' in WSJ interview - Business Insider

Trump has got to be the dumbest POTUS in terms of macroeconomics in a LONG time.

No doubt his gullible Trumpbots believe him.

Hello? Donald Buffoon? This is not the 1950's. Those days are gone for good.

America building everything is gone forever...and good riddance to those crappy, boring, mind-numbing production line jobs. Let other countries have 'em.

America is a net importer and they will continue to be a net importer...so that means America wants a strong dollar you dufus...so Americans can buy those imported goods for less of their hard earned dollars.

This knucklehead is thinking like America is Japan or something.


Anyone who thinks that most Americans will be better off with a much weaker dollar has NO IDEA what they are talking about on this matter...none.


But all of this talk is fine with me...a weak dollar helps my precious metals to no end.

So selfishly, I love this kind of talk...but it is bad for the nation.

gold_1d_b_o_l_USD.png
 
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Despite the equity rebound, the dollar keeps tanking...seems the world is not completely convinced that the Trump mess is behind them.

The dollar is now the lowest since Trump was elected.
 
DA60 said:
America building everything is gone forever...and good riddance to those crappy, boring, mind-numbing production line jobs. Let other countries have 'em.
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sorry pal not your choice! You might not want em put others do and should not be deprived of them by liberal govt policies that shipped their jobs to China
 
Dollar down again today.

Like I said before - the dollar has lost EVERYTHING it gained after Trump was elected.

The dollar rose on optimism. It is now falling on pessimism...mostly thanks to Trump, imo.

And this is despite the Brazil troubles and an apparent lock (odds wise) that there will be a June rate hike (which causes the dollar to rise).

Things do NOT look good.
 
When news of the lousy jobs report came out....the dollar tanked again.

It's now at a new low for the Trump Presidency - 96.717.
 
The Dollar is down to 94.726...a new low for the Trump Presidency.

https://www.bloomberg.com/quote/DXY:CUR


In early March, it was over 102...and has plummeted almost ever since.

This is bad news for a country with a huge trade deficit as it costs more U.S. dollars to buy the same imported widget/commodity than it did 4 months ago.
 
DA60 said:
The Dollar is down to 94.726...a new low for the Trump Presidency.

https://www.bloomberg.com/quote/DXY:CUR


In early March, it was over 102...and has plummeted almost ever since.

This is bad news for a country with a huge trade deficit as it costs more U.S. dollars to buy the same imported widget/commodity than it did 4 months ago.
Click to expand...
And what happens to a country's trade deficit when its imports become more expensive and its exports cheaper?
 
DA60 said:
...it's dropped from almost 104 less than a month ago to back under 100 today.

And with the Trump administration (foolishly) calling for a weaker dollar (at least in the short term)...it is probably going even lower.

Should bode well for my precious metals.

DXY Index Quote - U.S. Dollar Index (DXY) Index Price Today (DXY:NYE) - MarketWatch

And for those of you who think 'a weak dollar is good for trade'.

ONLY if you are a net exporter...which America DEFINITELY is not.

A much weaker dollar means much higher fuel prices...among other things.

We shall see.
Click to expand...

Not to mention a weaker dollar is better for exports. The strong dollar adds to our foreign competitors trade advantages.

A soft dollar is a good thing. I'd like to pound it down to 90!
 
DA60 said:
The Dollar is down to 94.726...a new low for the Trump Presidency.

https://www.bloomberg.com/quote/DXY:CUR


In early March, it was over 102...and has plummeted almost ever since.

This is bad news for a country with a huge trade deficit as it costs more U.S. dollars to buy the same imported widget/commodity than it did 4 months ago.
Click to expand...

I like a weak dollar. Higher priced imports reduce imports. That helps U.S. companies be more competitive and helps reduce the trade deficit.
 
DA60 said:
The Dollar is down to 94.726...a new low for the Trump Presidency.

https://www.bloomberg.com/quote/DXY:CUR


In early March, it was over 102...and has plummeted almost ever since.

This is bad news for a country with a huge trade deficit as it costs more U.S. dollars to buy the same imported widget/commodity than it did 4 months ago.
Click to expand...

Umm you do realize that the president has 0 control over the currency right?
that it is up to the federal reserve to maintain that.

there are also a ton more factors outside their control.
 
ludin said:
Umm you do realize that the president has 0 control over the currency right?
that it is up to the federal reserve to maintain that.

there are also a ton more factors outside their control.
Click to expand...

Umm...you do realize that your statement is incorrect. The POTUS has a TON of indirect control over the dollar.

His statements, policies, planned/carried out legislation, etc..

For example, if Trump actually carries out his incredibly dumb, protectionistic policies...the dollar WILL probably fall...HARD. And that had nothing whatsoever to do with the Fed.
Another is when people (often) run to the dollar when there is international turmoil - again, nothing to do with the Fed and often largely to do with the POTUS and his policies.

And I can give you lots of other examples.

People buy and sell dollars not just because of interest rates...they also sell it because of their confidence in the country of its origin, as a safe haven (especially with the dollar) and a TON of other reasons...many of which are to do with the policies of the government in power.

Plus, the Trump administration has stated several times that they want a weaker dollar.

And, IMO, the current drop is largely to do with Trump's apparent directionless, powerless and rather inept way he has handled the Presidency. The dollar (along with the DOW) index rose leading up to and just after he was elected. But once the depth of his emotional/intellectual weakness, his going back on almost all of his economic campaign promises and the uselessness of the Reps to pass legislation became obvious, people's confidence in the dollar has waned (obviously - this is in addition to the Fed raising rates. But they are doing so INCREDIBLY slowly...too much, IMO, for a huge swing in the index like we have seen).


If you honestly believe that Trump 'has 0 control over the' dollar...then you do not know as much about macroeconomics as I thought.

So be it (I am not going to debate what is already common knowledge amongst economists)...we are done here - good day.
 
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DA60 said:
Umm...you do realize that your statement is incorrect. The POTUS has a TON of indirect control over the dollar.
Click to expand...

no it is very much correct.

His statements, policies, planned/carried out legislation, etc..
Click to expand...

Can have an impact but there are other factors that are much more significant.

For example, if Trump actually carries out his incredibly dumb, protectionistic policies...the dollar WILL probably fall...HARD. And that had nothing whatsoever to do with the Fed.
Another is when people (often) run to the dollar when there is international turmoil - again, nothing to do with the Fed and often largely to do with the POTUS and his policies.
Click to expand...

you just sited something that has nothing to do with the president and that is global conflict.
people will buy dollars regardless of trump.

And I can give you lots of other examples.
Click to expand...

none that are logical or correct.

People buy and sell dollars not just because of interest rates...they also sell it because of their confidence in the country of its origin, as a safe haven (especially with the dollar) and a TON of other reasons...many of which are to do with the policies of the government in power.
Click to expand...

yep and the US economy is solid which is why they will continue to buy.

Plus, the Trump administration has stated several times that they want a weaker dollar.
Click to expand...

he can want all he wants. the fed has more control over the dollar than he does.

If you honestly believe that Trump 'has 0 control over the' dollar...then you do not know as much about macroeconomics as I thought.
Click to expand...

he has little if any control over the dollar. the federal reserve and other outside forces have a much greater role and impact than the president.

So be it (I am not going to debate what is already common knowledge amongst economists)...we are done here - good day.
Click to expand...

sorry I upset your meme trump rant, but you really need to understand better who influences what.
your appeal to ad populum isn't much of an argument either.

3 Factors That Drive The U.S. Dollar

here is a basic understanding of what drives the value of the dollar.
 
ludin said:
no it is very much correct.



Can have an impact but there are other factors that are much more significant.



you just sited something that has nothing to do with the president and that is global conflict.
people will buy dollars regardless of trump.



none that are logical or correct.



yep and the US economy is solid which is why they will continue to buy.



he can want all he wants. the fed has more control over the dollar than he does.



he has little if any control over the dollar. the federal reserve and other outside forces have a much greater role and impact than the president.



sorry I upset your meme trump rant, but you really need to understand better who influences what.
your appeal to ad populum isn't much of an argument either.

3 Factors That Drive The U.S. Dollar

here is a basic understanding of what drives the value of the dollar.
Click to expand...

A) I do not get into multi-quote debates...they just bog down into pointless and endless discussions.


B) If you look at your Investopdia video you linked to...they are NOT talking about the Dollar Index. They are talking about investing in dollars...two VERY different things.

In fact, if you look at the last 1/3 of the video, they talk about how the Great Recession caused 'a reduction in buying power' of the dollar.

Yet, the dollar index rocketed up during the Great Recession (going from 84 to 96 in less than a year) because people all over the world looked at the U.S. dollar as a safe haven. Plus, other currencies were not doing as well as the dollar.

U.S. Dollar Index - 43 Year Historical Chart | MacroTrends


C) You claimed the POTUS has '0 control over the dollar'.

So, if Trump forced all the Fed officials to resign (which he hinted he might during the campaign - which would have been a good thing) and replaced them all with hawks (right now they are doves). Or if Trump ordered military attacks against North Korea's nuclear facilities? Or if Trump stated that he will not sign a budget that is not balanced. Or if Trump announces 35% tariffs on all imports.

Are you seriously saying that all of these actions would have '0' effect on the dollar index (as you are claiming)?

Yes or no, please?

Hint - if your answer is 'yes'...you are 100% wrong and - no offense - clearly do not understand the dollar index.
 
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