Dollar's drop signals shaky US economy

[Stringfellow Hawk]

Consumer prices soared 7%, producer prices 9.7%
Facebook


The dollar, which has dropped for three straight sessions, has been giving up gains seen after the Federal Reserve has signaled strong interest rate hikes in the coming months. The dollar has dropped to the lowest level against the Euro since November.

DECEMBER INFLATION BREAKDOWN: WHERE ARE PRICE INCREASES HITTING AMERICANS THE HARDEST?

Ticker Security Last Change Change %
UUP INVESCO DB US DOLLAR INDEX BULLISH FUND - USD ACC 25.50 +0.07 +0.28%
UDN POWERSHARES DB US DOLLAR BEARISH FUND 20.34 -0.07 -0.34%
Powered By
Consumer prices surged by 7% in December, the highest since 1982, while producer prices jumped 9%, the largest annual increase since data were first calculated in 2010.

The dollar looks to be faltering in what could be an early sign that investors are losing faith in the U.S. economy, and that in and of itself could make our inflation situation worse.

https://www.foxbusiness.com/markets/...-economy-forex

[Jack]

So, ... Buy Crypto?

[anatta]

The dollar looks to be faltering in what could be an early sign that investors are losing faith in the U.S. economy, and that in and of itself could make our inflation situation worse.

[Yakuda]

Consumer prices soared 7%, producer prices 9.7%
Facebook


The dollar, which has dropped for three straight sessions, has been giving up gains seen after the Federal Reserve has signaled strong interest rate hikes in the coming months. The dollar has dropped to the lowest level against the Euro since November.

DECEMBER INFLATION BREAKDOWN: WHERE ARE PRICE INCREASES HITTING AMERICANS THE HARDEST?

Ticker Security Last Change Change %
UUP INVESCO DB US DOLLAR INDEX BULLISH FUND - USD ACC 25.50 +0.07 +0.28%
UDN POWERSHARES DB US DOLLAR BEARISH FUND 20.34 -0.07 -0.34%
Powered By
Consumer prices surged by 7% in December, the highest since 1982, while producer prices jumped 9%, the largest annual increase since data were first calculated in 2010.

The dollar looks to be faltering in what could be an early sign that investors are losing faith in the U.S. economy, and that in and of itself could make our inflation situation worse.

https://www.foxbusiness.com/markets/...-economy-forex

Good job Brandon

[Legion]

Predicted long ago:


View Poll Results: Did DEMOCRATS collude with Communists to kill our economy and boost China's?

https://www.justplainpolitics.com/sh...-boost-China-s