I think the answer is that when the FED prints more money, the "value" of 1 dollar doesn't change much, so the ratio of dollar to euros doesn't change. Sure wi

I think the answer is that when the FED prints more money, the "value" of 1 dollar doesn't change much, so the ratio of dollar to euros doesn't change. Sure with more money, people in the US spend more, US inflation increase, as in stuff gets more expensive, but none of this directly impacts the ratio of the value of the dollar with respect to the EUR. So the original claim, which is essentially that there is some company called "The US", of which dollars act like a stock, and the FED printing more money is like diluting the stock, is just not true. Dollars don't behave like stocks.