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All of the economic data shows the dollar is significantly weakened though, not just due to this, but money printing and more. Meanwhile, the Ruble has mostly
by yucky 5y ago
All of the economic data shows the dollar is significantly weakened though, not just due to this, but money printing and more. Meanwhile, the Ruble has mostly recovered to prewar levels already https://www.xe.com/currencycharts/?from=RUB&to=USD https://www.xe.com/currencycharts/?from=RUB&to=USD
That doesn't tell the whole story of course, but it does appear we are witnessing a larger decoupling from the US Petrodollar standard that has been dominant for decades. That wouldn't be possible if the dollar weren't already weak, I don't think.
- vba616 5y agoHow about looking at the longer term performance of both currencies in terms of Swiss Francs, on xe.com. It looks to me quite clearly the opposite of your view. That doesn't tell us what precisely you are mistaken about, and clearly many people have been agreeing with you for years and years, but something is off here. Dollars: https://www.xe.com/currencycharts/?from=USD&to=CHF&view=10Y https://www.xe.com/currencycharts/?from=USD&to=CHF&view=10Y Rubles: https://www.xe.com/currencycharts/?from=RUB&to=CHF&view=10Y https://www.xe.com/currencycharts/?from=RUB&to=CHF&view=10Y