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Dollar Collapse Continues, Over 80% of Post-Trump Gains Gone
Monday, March 27, 2017 9:17
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By Tyler Durden / ZeroHedge.com
When the dollar was soaring, it was ‘unequivocally’ a reflection of the strength (or potential strength) of the US economy and its safe-haven, cleanest-dirty-short status. Since The Fed hiked rates for the 3rd time in 11 years, however, the dollar has done nothing but decline…
Erasing over 80% of post-Trump gains…
The Dollar Index has also plunged back to a 98 handle…
More great articles here: http://www.zerohedge.com
The dollar will hold it own because all of the other world currencies are under so much pressure they are going south, south, south! The purchasing power may decline a bit, but the rise of the cash rate is not significant enough to make a problem in your economy. Keep the faith, as your economy will survive and thrive whenyou look at the rest of the world.
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