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(CNBC) U.S. dollar index suffers biggest drop since 2022, hits new low for the year (1 Viewer)

Slartibartfast

Slartibartfast

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The ICE U.S. Dollar Index
dropped sharply again on Thursday, putting the greenback on track for its worst day since 2022.

The index, which measures the U.S. dollar against a basket of global currencies, was last down 1.83% to 101.02. At one point in the session, it slipped below the 101 level. This would mark the index’s lowest close since September.
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The economic stupidity continues and now the US dollar may be starting to crash.
 
No pain no gain libs. Higher interest rates good. Especially if they are purely market driven.
 
Wow. The lowest close since ... September!!
 
Dollar down
Bonds down but yields up.
When the world says it doesn't want US treasuries or US dollars...the world is sending a message.
 
Slartibartfast said:



The economic stupidity continues and now the US dollar may be starting to crash.
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It is zero coincidence that the Euro shot up vs the USD when Trump began to go full retard on tariffs; this is a very concerning trend in light of the fact that the US dollar is the traditional 'risk off' go-to in times of uncertainty and turmoil, and yet capital is blatantly fleeing it at great speed to go elsewhere, chiefly Europe, obviously because the problem is internal, and the call is coming from within the building. It will be interesting to see US -> Europe capital flow reports and global currency reserve compositions in the immediate future.

At this rate, if things continue as they are, serious damage will be done to the USD's envious and important position as the world reserve currency, while its rapid depreciation will substantially compound the increase in prices Americans will pay, above and beyond the impact of high mass tariffs.

The Republicans better get a leash on their moron in chief soon before he does truly grievous and irreparable damage.
 
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Callen said:
Dollar down
Bonds down but yields up.
When the world says it doesn't want US treasuries or US dollars...the world is sending a message.
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Here in the US, Trump does this little dance. He does something objectively bad, everyone talks about how horrible it is, but then he backtracks to restore the status quo.

It causes chaos and confusion, and it draws his cult in closer because they feel that the criticism was just overblown anti-Trump hysteria.

His cult is desperate and weak, they find strength in their blind faith and complete obedience to Trump as long as Trump continues delivering something akin to the status quo.

But the status and prestige, the strength and power, of the United States is something he is throwing away in his little game. It will have very real and very damaging consequences.
 
ScrambledEggs said:
No pain no gain libs. Higher interest rates good. Especially if they are purely market driven.
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"no pain no gain"? we're managing our economy based on physical education mottos?

the economy often has gains without pain. because the economy is nothing like physical workouts.
 
ScrambledEggs said:
No pain no gain libs. Higher interest rates good. Especially if they are purely market driven.
Click to expand...
Please let us know when the manufacturing jobs come roaring back to the US.

It's like previous promise in 2015 to PA steel workers, we are going to bring the steel industry, it never happend.

He made the same promise to coal workers.

But please keep believing the man's BS.
 
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ScrambledEggs said:
No pain no gain libs. Higher interest rates good. Especially if they are purely market driven.
Click to expand...

higher interest rates are..good? well, good for some, bad for others.
borrowers and businesses want lower rates, savers want higher.
why is trump arguing for lower rates if they are "good"?
 
ncguy said:
The US currency hit a 10-year low against the Swiss franc and a three-year low against the euro, dropping to 88 cents on the euro for the first time since the start of the war in Ukraine.

its the speed of the drop and the other factors that all make this concerning.
intelligent people would be concerned by all this
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Wow. Suddenly people care about the currency market. I think intelligent people have already hedged their bets by diversifying through foreign stocks and bonds.
 
dmpi said:
Wow. Suddenly people care about the currency market. I think intelligent people have already hedged their bets by diversifying through foreign stocks and bonds.
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wow, people have always cared about the currency market.
intelligent people can diversity, but its hard to guard against self inflicted chaos by an unpredictable economic moron in chief.

but hey, you keep on minimizing the chaos trump is driving, but intelligent people understand chaos is bad for economies.
 
NuffSaid said:
Trump wants this so he can push crypto coin.
His goal is to make US dollar as useless as can be.
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because I think that is a stupid idea and because I do not think that the idea will work,
I think you may be right that it's Trump's idea

crypto doesn't seem to be seen as a place of stability

people feeling insecure about their money don't seem to be buying up the crypto
 
Time for foreigners to visit the US! Cheap US dollar makes US travel more enticing!

Oh wait, the rest of the world hates us now.

Nvm.
 
dmpi said:
Wow. Suddenly people care about the currency market. I think intelligent people have already hedged their bets by diversifying through foreign stocks and bonds.
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Well the indicators are that the world is losing confidence in the US and its economy and its reliability as a trading partner. Many places will diversify, but the US Dollar had long been a safe haven when things became unstable, and the movement in the markets now show that there is considerable concern with the health and future of the US economy.
 
dmpi said:
Wow. Suddenly people care about the currency market.
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yeah

it's so weird that people don't talk about these things more often when they're behaving normally

what's up with that?

Why do people tend to talk about things more when those things are not as expected?​
 
Simon W. Moon said:
yeah

it's so weird that people don't talk about these things more often when they're behaving normally

what's up with that?

Why do people tend to talk about things more when those things are not as expected?​
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its so weird, its not like the stock market fell, interest rates shot up, gdp forecasts are way down, consumer confidence is way down, the rest of the world doesn't want to travel here or deal with us, or...oh wait. ugh.
 
Simon W. Moon said:
yeah

it's so weird that people don't talk about these things more often when they're behaving normally

what's up with that?

Why do people tend to talk about things more when those things are not as expected?​
Click to expand...
It may seem 'weird' to many but to me this is normal. Since I hold a lot of foreign stocks I've always tracked currency prices. It's cyclical and it moves around, has more to do with relative interest rates than anything else.
 
yankintx said:
Please let us know when the manufacturing jobs come roaring back to the US.

It's like previous promise in 2015 to PA steel workers, we are going to bring the steel industry, it never happend.

He made the same promise to coal workers.

But please keep believing the man's BS.
Click to expand...

ncguy said:
higher interest rates are..good? well, good for some, bad for others.
borrowers and businesses want lower rates, savers want higher.
why is trump arguing for lower rates if they are "good"?
Click to expand...
Its funny that pure sarcasm passes at real MAGA
 
Ikari said:
Well the indicators are that the world is losing confidence in the US and its economy and its reliability as a trading partner. Many places will diversify, but the US Dollar had long been a safe haven when things became unstable, and the movement in the markets now show that there is considerable concern with the health and future of the US economy.
Click to expand...
The rapid implosion of the government isn’t helping either.
 
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