Dollar at 3-year low

Luckyone · Monday at 5:20 PM

Since Trump got into office on January 21st., the dollar has dropped over 10% in value (from 110.18 to 98.69 - today's close).

How will de-dollarization affect the US?

Impact on Currency Value: As countries and companies shift away from the U.S. dollar, its demand could decrease. This drop in demand could weaken the dollar. Over time, a weaker dollar might raise inflation in the U.S., making imports more expensive.

Dont Taz Me Bro · Monday at 5:29 PM

Yeah, I know. I just came back from the UK less than a week ago. The exchange rate was shittier than usual.

Dekster · Monday at 6:00 PM

Dont Taz Me Bro said:
Yeah, I know. I just came back from the UK less than a week ago. The exchange rate was shittier than usual.

The one silver lining for us in that regard is that the Mrs. booked us a vacation this year in a country whose currency is pegged to the dollar so the exchange rate never varies. Otherwise I would be hating it. Sheer coincidence on her part since she booked us in January but I'd rather be lucky than smart

Toddsterpatriot · Monday at 7:11 PM

Luckyone said:
Since Trump got into office on January 21st., the dollar has dropped over 10% in value (from 110.18 to 98.69 - today's close).

How will de-dollarization affect the US?

Impact on Currency Value: As countries and companies shift away from the U.S. dollar, its demand could decrease. This drop in demand could weaken the dollar. Over time, a weaker dollar might raise inflation in the U.S., making imports more expensive.