Dollar, Kneel On The Ground

2020-06-04   |   by CusiGO

King of the dollar is no stranger to street rage, demonstrations and looting in all major American cities. Since George Freud’s death on May 25, street rage has made up for the 2.5% loss of green money. It is more serious than the serious riots in Los Angeles in early May 1992. Within six days, the ticket was transferred by 1%. The scale of the current situation has hindered the recovery of the economy. Social unrest has affected the morale of businesses and consumers. The weakness of the US dollar reflects the doubts about the fragmentation of the US. Markets fear social and political crises after the economic collapse caused by the coronavirus.

So far, the dollar has been more resilient than the global coronavirus crisis. “In the past 20 years, it has reaffirmed its dominant position as the world’s first currency in every major crisis, and the current situation is consistent with this trend.”. On March 23, it reached an all-time high amid turmoil in the world’s financial markets. This year, the euro is still up 2.3%, but the euro is trading at $11220, offsetting losses on green notes. He is now stable against the dollar.

In fact, the health crisis has extended the nine-year cycle of green ticket inflation that began in August 2011, with profits of 36%, exceeding its end. “There is no necessary condition for a meaningful and lasting adjustment of the dollar,” argues Viraj Patel, arkera’s strategist. Although American interest rates are falling, they are still much higher than those of foreigners, especially European countries. “In the past 20 years, the structural decline in foreign exchange rates (” the G-10 countries are outside the United States “), said Robin Brooks, an economist at the Institute of international finance. This year’s narrowing of the exchange rate gap between the United States and the rest of the world has not affected him, which is proof of his status as a refuge currency. ”

In order to weaken green air tickets, growth outside the Atlantic must be significantly lower than in the rest of the world. However, the trump administration will make every effort to resume its activities as soon as possible. The president is being re elected and the current demonstration is the worst moment for white house tenants. Only if the world economy continues to recover can the dollar fall substantially, by more than 20%, according to Goldman Sachs.

Donald Trump has been critical of the excessive strength of green money since he came to power, now more than 20% of his average over the past decade. He even threatened to take action. The US currency has too much influence on exports.

In a 180 degree turn, he told Fox News in May, “this is a good time for a dollar to stay strong.”. “Everyone wants dollars because we keep it at a very high level. He said, “I made him strong.” The good management of foreign exchange shows that the market believes in the strong recovery of the US economy and the political leadership of the Republic. “Before the coronavirus disaster in China, China’s economy had surpassed all other countries,” tweeted May 16. He has not formally accused China of devaluing its currency. The U.S. dollar is up 2.1% this year, to 7.17 yuan.

As he reminded protesters, the president of “law and order” wants foreign investors to buy shares and rally Wall Street and US Treasuries to keep interest rates low. The current turmoil has not inspired us to do so. “The whole world is watching us! Donald Trump throws at the Americans. Non residents transferred $300 billion of U.S. Treasury bonds in March in exchange for cash. Faced with these sellers, the Federal Reserve acquired bonds at a rate of $40 billion to $70 billion a day, and $450 billion in a month. His actions contributed to the soaring dollar in March.