Is this the endgame for the US dollar?
“Is this the endgame for the US dollar?
It’s broken down through a key level of support.
What could save it?
What are the implications of further falls?
Let’s take a look…
A century of devaluing the dollar
The chart below shows the US dollar index – that is, the US dollar measured against a basket of foreign currencies. This is divided roughly as follows:
Euro (EUR): 57%
Pound sterling (GBP): 12%
Canadian dollar (CAD): 9%
Swedish krona (SEK): 4%
Swiss franc (CHF): 3.5%
Japanese Yen (JPY): 13.5%
We start with a 15-year chart, so we can see the performance of the dollar in some kind of long-term perspective. As you can see, the last ten years have been a decade the US dollar would rather forget.”
Via Money Week