No need to thank me. Just don't say I didn't warn ya in advance. Trust me, the dollar is screwed. And this ain't solely due to bad economy. It's more about lack of trust in Uncle Sam's judgment, especially how it's handling itself diplomatically with its key allies around the world. And that trust is fast eroding by the day. I can readily imagine a flurry of countries dumping the dollar in the coming months.
From everything I have learned, a weakened dollar is essential to keeping the world from collapsing. Of course too weak isn't good either, but I bet that Trump is very happy if it continues over the next few months.
I have a slightly different perspective. One of my degrees was in International Economics, talk about sitting through some mind-numbing classes ... you always have to keep in mind what the huge players like Sovereign Wealth and Hedge Funds are doing with their financial resources, and realistic alternatives. It is all relative. What is on the other side of the equation if you sell the dollar, and instead buy that financial instrument? Would you rather have the British Pound? Talk about a country in financial straits with all kinds of pressures building. Would you rather have the Euro, with the "mighty' countries of France and Germany and Italy largely providing the "strong economic fundamentals"? Would you rather have the Yen, with its cratering, rapidly aging population behind it, and budget deficits far larger than the US proportionally? How about the Renminbi ... I won't even go there! The Ruble ... the Peso? The one standout to me is not another fiat currency but ... GOLD. Its value keeps rising against the dollar, as Central Bank demand continues strong. Look at the massive purchases last year, Poland in particular leading the way, and it now has the 12th largest official holdings. I have had 10 profitable Gold trades in a row, with an additional 2 current and a Gold miner. Some days I mostly pay attention to its own dynamics, and even largely tune out the DX and US Ten Year Yield, for Gold many days has its own distinct conviction apart from those classic associations.
Instead of long term futures or forex, do an exchange from US dollars to Euro's or GB or Swiss or Japan, then scalp their markets without constant fees. It is a long term hold, I exchanged in 2022 into Euro. I am short our dollar.
Isn't a falling dollar going to boost equities......so sell sell sell the dollar equals buy buy buy equities???
I don't blame you for being a noob. In addition to straight-up forex pairs, there are many ways to play this: futures, gold, bitcoin, reverse carry, etc.
No such thing as econ 101 anymore..... Anything econ 101 has been dismissed entirely......maybe 87 yrs ago it was sufficient to study econ 101 but now a days econ 101 is worthless. It can no longer be applied in today's economics.
Strong dollar brings in investments, especially from abroad. Hence it's good for equity markets. And vice versa for weaker dollar. But enough with your chitchat.