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> The USD has risen against pretty much every major currency in the past several years. And would have risen more without QE.
by oska 7y ago
> The USD has risen against pretty much every major currency in the past several years.
And would have risen more without QE.
- AnthonyMouse 7y ago> And would have risen more without QE. And risen even more than that if they had started destroying currency. But the usual target for a currency is value stability with other major currencies, and "devaluation" means that its value goes down compared to most other currencies. It's completely normal (and basically required to prevent deflation) to create some new currency during normal (i.e. growth) times to provide more currency to use for the increasing number of transactions.
- seanmcdirmid 7y agoWell, America’s QE caused everyone else to do QE as well. The RMB because stronger in that period because China was less interested in doing QE at the time.