Losing some faith in US dollar, where to park cash?

Discussion in 'Forex' started by Here4money, Mar 18, 2020.

  1. Here4money

    Here4money

    Which coin is holding best against the dollar during this crisis?
    Thoughts of which will hold up best?

    Considered CAD & AUD, but Canada is really tied to US economy & Australia has a really small economy.
     
  2. zdreg

    zdreg

    Why do care about the size of the economy? You should only care about direction.
     
    IAlwaysWin and AKUMATOTENSHI like this.
  3. I have an online business and the only businesses who are still making payments are Australian (or Russian). Everyone else is trying to get out of paying or take a discount. Pretty sure this means nothing.

    But... For fun:

    Since beer virus hit the news (these numbers are rounded):

    upload_2020-3-18_7-58-37.png


    Same time last year:

    upload_2020-3-18_7-59-11.png

    And the year before that:

    upload_2020-3-18_7-59-40.png
     
    Snuskpelle likes this.
  4. While a bit tangential to the thread and anecdotal, interesting stats nonetheless.
     
  5. Here4money

    Here4money

    curious about the country makeup myself
     
  6. Fx-Game

    Fx-Game

    Gold, silver, buy yourself a farm ; )
     
    AKUMATOTENSHI likes this.
  7. dozu888

    dozu888

    idiot have you looked at the USD chart.
     
  8. Here4money

    Here4money

    idiot, did you look at the NASDAQ two months ago? Do you only act retroactively or ever consider doing so proactively? Never mind, you're a permabull
     
  9. "They" have been whining about the $USD going away for years. FACT is, however, it's still the cleanest dirty shirt... as the rest of the countries hose their own currency even worse.

    Dollar.PNG
     
    nooby_mcnoob likes this.
  10. IAlwaysWin

    IAlwaysWin

    You should stay away from AUD at all cost until this whole Corona business passes. I would stick to the majors like USDJPY and EURUSD. AUD is currently in the greatest downturn since the 2008 recession and I think it could drop into the 0.56000's or lower. You could short the AUD but finding a good high would be nearly impossible at this point. You pretty much missed the boat on the big short because at any point things could turn completely around.
     
    #10     Mar 18, 2020