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https://i.imgur.com/LkclqgV.png https://i.imgur.com/LkclqgV.png Here's how the US Dollar Index has performed over the last ~30 years. The swing looks pretty ty
by SeanAnderson 1y ago
https://i.imgur.com/LkclqgV.png https://i.imgur.com/LkclqgV.png
Here's how the US Dollar Index has performed over the last ~30 years. The swing looks pretty typical to me. If it drops another 10% (as the article says Morgan Stanley thinks it might) then I could see this event as an outlier. For now, I find it interesting but not especially concerning. There's pros and cons to having stronger/weaker currency. I think it's probably worse to have a volatile currency than an especially strong or weak one?
- b112 1y agoAs a Canuck who has seen these swings for decades of his life, with both our currency and the US dollar both contributing to this, I see nothing unusual in the current trends. I take it that the "on track" is determined by extending a current downtrend as if it will continue precisely the same, for the next 6 months, which seems unlikely. I get that with the recent passage of this US bill, people want to pile on. I can assure you, that Canadians have no love of the current administration. But this is another click-baitish thing being done to us all, feeding on people's upset, the time of year it is, the US holiday, and more. Ah well.