Pressure on the greenback has been relentless since the end of May, as faith in a global economic recovery from the pandemic has grown stronger and other currencies have rallied.
While the rate of new U.S. case numbers is showing signs of slowing down, the unchecked spread of the virus also seems to be denting economic recovery and a rebound in hiring has stalled. That has led some to entertain the prospect of an imminent dollar rebound. One warning sign has come from the Chinese yuan, which has struggled to capitalise on the dollar's weakness amid heightened Sino-U.S. tensions.
Why is it still called Capitalism?
With its image as one of the very richest countries in the world it should be very easy for US to help people financially without much economic activities for months. But the truth shows a different picture. US seems to be a badly administered country.
Enjoy your August $1200 stimulus check. Our grandchildren will be picking up the tab ... and we wonder why the $ is in the dumper?
Dollar fecking scared as realDonaldTrump puts up a wing nut for Fed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed meeting expected to leave U.S. bond-stock relationship out of whackThe Federal Reserve's whatever-it-takes approach to stave off economic calamity has kept interest rates near zero and helped drive U.S. stocks back to pre-pandemic record levels, while weakening the usual dynamic between safe-haven U.S. Treasuries and riskier equities. Why? nice The Fed can't do much more to stimulate the economy, because the virus is still raging relatively unchecked. The Fed can pump the stock market more - which seems to be their primary goal - satisfy Trump. Fed has lost its independence and looks more like PBOC now.
Source: Reuters - 🏆 2. / 97 Read more »
Dollar struggles amid Sino-U.S. tensions, coronavirus woesThe dollar began the week under pressure from all corners as intensifying Sino-U.S. tensions added to worries that the coronavirus resurgence in United States could undermine the recovery in the world's biggest economy. Oops Thanks Messrs. Trump and Pompeo. Fake leftist propaganda.
Source: Reuters - 🏆 2. / 97 Read more »
Here’s what a falling U.S. dollar means for the stock marketBarring some sort of currency meltdown, a weaker dollar should be a positive for equities, though foreign stocks will likely benefit more, analysts say. Yes, but stock prices are measured in dollars.
Source: MarketWatch - 🏆 3. / 97 Read more »
Gold Prices Hit Record High as Dollar DropsThe metal zoomed to a record for the first time in nine years as a weakening dollar injected new momentum into a rally driven by uncertainty about the world economy. It's because of all the money printing / currency debasement, you don't need to be an 'economic expert' to figure that one out. Bitcoin ready for all time high! Meh, I’m more comfortable w/silver. Gold is too pricy for its overall use. Silver and copper are my favs. Don’t get me wrong, I looooove gold. But it’s only application is industrial/commercial. We can fake everything else. So... to me, it’s like mining diamonds. Pointless.
Source: WSJ - 🏆 98. / 63 Read more »