Below is a chart of the EUR/USD since the euro's inception. Amazingly the exchange rate is almost the same now as it was shortly after the Euro's inception more than 20 years ago. I could pull charts of most major currency pairs with the USD and you would see a similar up and down somewhat random walk with repeated times where the exchange rates hit the same value as they were years before. That reality doesn't comport with the unsupported assertion that "The US has a history of devaluating [sic] it's own currency to deflate their debt at a higher rate than other countries" Sorry to let actual data and facts get in the way of a good rant.
I'm certainly no currency expert or even have basic understanding of trends. All I have is age and memory and I can still remember when the dollard dipped to near toilet paper before euro days. It seems to me that competition with the euro has kept it from dipping that low again but there's no question that the dollar is falling and may continue to fall until that has an impact on exports.
hey look...a chart of the EURJPY since Euro inception. and here is the USDJPY long term: they all seem to end up where they were. So it looks like the all other central banks as well as holders of US treasuries can kick back and relax because nothing ever changes. You mean the competitive devaluation that started in 2008, all this money printing to buy foreign currencies, the currency war of 2013 when Japan was trying to start an open ended bond buying program to devaluate the Yen or the YUAN issues in 2015 are nothing but a hoax? And there isn't even a need for the list under the 1988 Act? I didn't expect much...but still got disappointed. And he even calls it "actual data" *facepalm*
Everyone has already noticed that the dollar is not in a very good position, and many factors influenced it.
Can anyone recommend a broker that offers leverage of 500:1 with tight spreads, lower commission and slippage? Was scalping with pepperstone but decided to move my account to another broker because of server freezing issues.
That probably sounds like rumor. I’ve been hearing it too for the last few weeks. Try not to believe that.