BREAKING: U.S. Dollar
U.S. Dollar Index $DXY plunging to its lowest level since March 2022 Source: Barchart
Is it a memecoin?
- 36 trillion supply - No supply cap - 1 node - 25% of supply minted in the last 6 months - 1% of holders own 30% - Backed by the U.S. government Source: Not Jerome Powell on X
From the behavior of a Developed Market to that of an Emerging Market in just one week?
Witnessing such a rare disconnect between the USD index (dark line) and US Treasury yields (blue line) is truly intriguing. Source: Andreas Steno Larsen
The Euro is now the strongest vs the dollar going back to 2023, with some of the most violent moves we've seen over the past decade.
Source: Bloomberg, Lisa Abramowicz
Markets are dumping the dollar in Asia as the Dollar Index $DXY plunges below 100
Euro = 1.13 Yen = 143 Swissie = 0.8194 Source: zerohedge
Here's another retaliation from china...
Beijing just crossed a line in the sand. The PBOC fixing was on the other side of the closely watched 7.20 "devaluation" line, first time since 2023. Offshore yuan tumbles and is about to hit a record low against the USD. Source: zerohedge
Here's another retaliation from China...
Beijing just crossed a line in the sand. The PBOC fixing was on the other side of the closely watched 7.20 "devaluation" line, first time since 2023. Offshore yuan tumbles and is about to hit a record low against the USD. Source: zerohedge
“‘The dollar has lost 96% of its purchasing power over the last century’ is the most misleading claim in all of finance,” says Riholtz in his new book.
As long as spend or you invest (instead of sitting on cash), you should be ok. Source: Eric Balchunas on X
