Quote:
Originally Posted by MRM
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The Dollar is declining because we have low interest rates, we are perceived to be poised for tax and regulatory reform, and the Dollar has had a heyday against the Euro and other foreign currencies simply because those economies were basket cases. Now that they're stronger it's safer to put money in those countries, which lowers demand for the USD. All in all it's a good thing.
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Yep...didn't read this far before my previous post, but don't agree with the interest rate aspect....rates have been low (zero) for years...they've been increased slightly...it ain't the Fed behind this imo....
Not a bad thing...looking at the big picture.