If only Trump understood anything about the dollar, he wouldn't waste his time embarrassing himself like this

 

The purchasing power of the US Dollar is down 18.46% in the four years since COVID-19 made us lose our minds

 

Avoid people who insist that the US Dollar is losing its status as the world's reserve currency

 There's an index for that:

 

The dollar has surged 2.26% since Wednesday to trade at 95 this morning

The dollar hasn't traded at 95 since late 2003.

Much more of this dollar strength is due to the continued improving fiscal condition of the United States since 2012 than people realize. 

Tax revenues are way up under the made-permanent Bush tax cuts and the made-permanent Alternative Minimum Tax fix, both of which heralded in 2013. Federal receipts are up a whopping combined 36% in 2013 and 2014 over 2012.

And continued Republican control of the purse in Congress has meant almost zero expansion of federal spending. Federal outlays are up a paltry combined less than 1% in 2013 and 2014 over 2012.

The federal government is up a net $845.5 billion in the last two years. That's huge.

The dollar is not simply a fiction which competes with other fictions in the global marketplace, but a symbol of the determination of the American people to play by the rules and pay their bills. It is not a coincidence that this determination lately expressed politically paved the way for falling commodity prices generally, and oil in particular. It is uncertainty which breeds fear-trades.

Speaker John Boehner doesn't get the credit he deserves for achieving under the Democrat President Barack Obama what Republicans before him could only dream about.

And if you want to know what's wrong with Republicans, that's it.

Dollar soars almost a percent to close at 91.15, highest close since December 2005

The dollar is trading above 90 today

The dollar is trading above 90 today, for the first time since early 2006.

The dollar closed tonight at 85.19

The 52-week high was 86.746 on October 3. The 52-week low was 78.906 on May 8, just five months ago.

I don't find that big of a move in so short a space very encouraging yet. A stable price at a high level is better. Let's see what it can do.

Don't blame QE for the decline of the dollar, blame Bush or Greenspan or global warming or war

The decline of the dollar under QE has been nothing when compared with its decline from 2002 to 2008.

Between high water marks in early 2002 and a low beneath 70 in March 2008 the trade weighted dollar sank a whopping 36% in just six short years, 6 times more than the 6% it fell since TARP passed on October 3, 2008 and QE began in late November 2008 until now.

Say what you will about QE, but it's just dumb to blame it for a decline of the dollar.

The dollar was already dead! The dollar declined 36% during the wars in Iraq and Afghanistan. Overall the dollar is down 6% since the emergency measures of 2008, but is recovering somewhat.

What This Country Needs Is A Good 5-cent Dollar

Which would be an improvement of 25%.

The US Dollar Currency Index Low Was 71.58, Reached In April 2008

71.58 on the US Dollar Currency Index in April 2008 represented a decline of the dollar in excess of 40% from the 120 level which prevailed before the closing of the gold window in 1971.

Since 1967 The US Dollar Currency Index Average Is 97.76, But 120 Remains The Gold Standard Benchmark

The US Dollar Currency Index benchmark is really 120 since that is the level which prevailed before the closing of the gold window in 1971, after which the index declined to average 97.76 to date.

Bernanke Reverses Himself With More "Accommodation", Tanks Dollar Over 2%

Someone must have found out something about The Bernank. Was it with the help of the NSA? In May bald Ben broached the topic of tapering just two days after Obama effectively fired him by saying Ben had been at the Fed too long just like Mueller has been too long at the FBI (a total slap in the face to Ben), and when Ben doubled down on the tapering again in June to show that he was really serious opinion broadly ridiculed him. Bonds took it in the shorts, and savers lost a lot of money. Now he's completely reversed himself all of a sudden, stocks are flying to new heights and the dollar erases its gains. He's either a manic depressive, or Obama's got something on the guy.

Gold/Oil Ratio Plummets To 11.75 On Rising Oil Prices, Surging Dollar

1212.70 divided by 103.22 = 11.75, another very strong technical buy signal for gold. But the signal is distorted by rising oil prices on Middle East instability because of the military coup in Egypt.

The US Dollar Has Tanked Since Bernanke Spoke Before Congress On May 22nd

THE US DOLLAR BREAKOUT ABOVE 84 HAS FAILED FOR NOW.

The dollar has fallen 3.15% since May 22nd when Bernanke opened his big yap and went off-script in front of Congress, hinting at a tapering off of QE in the near future.

The dollar closed at 84.35 on May 22nd and closed yesterday at 81.69.

When just words can tank fiat bonds and fiat dollars, isn't it time to pay our respects once again to Article 1, Section 10?

"No state shall . . . make anything but gold and silver coin a tender in payment of debts;"

The US Dollar Has A Long Way To Go, But The Trend Has Been Up

The US dollar is up for a number of reasons: 

permanency in the tax code effective January 1, 2013;

elevated spending by the federal government arrested, due to PARTISAN gridlock (hurrah!);

and increased US DOMESTIC oil production from technology advances, despite the most anti-oil president ever to sit in the Oval.

Just think where we would be if we actually had a pro-US president.

Well, for one thing, we'd be WORKING, most likely.

Ten Years of the Euro v. the Dollar: Up 25%

The Euro/Dollar has gone from 1.06 ten years ago to 1.32 today, up 24.5%, thanks in no small measure to the efforts of the Germanic north.

Charting The Dollar And The Gold/Oil Price Ratio

Create a graph

Is it just me or is there no real correlation going on between any of these?