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1 Euro is roughly 1 USD now. The Yen is also relatively weaker now, despite Japan having lower inflation. The only major currency that's risen against the dolla
by Aunche 4y ago
1 Euro is roughly 1 USD now. The Yen is also relatively weaker now, despite Japan having lower inflation. The only major currency that's risen against the dollar is the Russian ruble, which has been heavily manipulated.
- baq 4y agoRussia can’t spend its dollars. They would very much like to buy stuff and in the process counter the one way flow of money, but mostly can’t and have to resort to black markets. Of course there’s manipulation, but it isn’t the whole story.
- neverrroot 4y agoManipulated in what ways? By whom? Countries such as India happily purchasing energy from RU?
- Aunche 4y agoCurrency controls. In short, it's much easier to convert dollars into rubles than rubles into dollars.