Quote:The US dollar is the world’s reserve currency, the representation of US economic might on the global stage and the de facto currency unit for the overwhelming majority of financial assets. Throughout 2017, however, the greenback has taken a long and sustained nosedive to hit multi-year lows. The U.S. Dollar Index, which measures the value of the dollar against a weighted basket of currencies belonging to six of the United States’ biggest foreign trade partners—the euro, yen, pound sterling, Canadian dollar, Swedish krona and Swiss franc—recently slipped to its lowest level in more than two years.

In 2017 alone, the dollar has lost around 12 percent of its value, and its decline of more than six consecutive months marks the longest sustained fall it has suffered in at least 14 years. The dollar’s fall is even more remarkable given that January witnessed the currency notch its highest level since 2002.

A handful of factors have underpinned the dollar’s poor run this year. Among the most impactful appears to be what has come to be known as the “Trump slump”. In the wake of the new US government’s failure to pass healthcare and tax-cut reforms as initially promised, the dollar’s strength has taken a hit as concerns continue to be raised over the Trump Administration’s ability to fulfil its agenda.

WHY HAS THE US DOLLAR BEEN CONSISTENTLY FALLING THROUGHOUT 2017?

Recent forecasts have been better...but they are mostly dependent on the tax cut being signed into law. So if the Republicans can't pull that off...and would that really be a shock if they couldn't...we could be in for some issues going forward.

(11-15-2017 03:03 PM)Redwingtom Wrote:  

Quote:The US dollar is the world’s reserve currency, the representation of US economic might on the global stage and the de facto currency unit for the overwhelming majority of financial assets. Throughout 2017, however, the greenback has taken a long and sustained nosedive to hit multi-year lows. The U.S. Dollar Index, which measures the value of the dollar against a weighted basket of currencies belonging to six of the United States’ biggest foreign trade partners—the euro, yen, pound sterling, Canadian dollar, Swedish krona and Swiss franc—recently slipped to its lowest level in more than two years.

In 2017 alone, the dollar has lost around 12 percent of its value, and its decline of more than six consecutive months marks the longest sustained fall it has suffered in at least 14 years. The dollar’s fall is even more remarkable given that January witnessed the currency notch its highest level since 2002.

A handful of factors have underpinned the dollar’s poor run this year. Among the most impactful appears to be what has come to be known as the “Trump slump”. In the wake of the new US government’s failure to pass healthcare and tax-cut reforms as initially promised, the dollar’s strength has taken a hit as concerns continue to be raised over the Trump Administration’s ability to fulfil its agenda.

WHY HAS THE US DOLLAR BEEN CONSISTENTLY FALLING THROUGHOUT 2017?

Recent forecasts have been better...but they are mostly dependent on the tax cut being signed into law. So if the Republicans can't pull that off...and would that really be a shock if they couldn't...we could be in for some issues going forward.

is this were we blame everything that happens that we don't like on the last president?

President Bunnypants played that record for 8 damn years.

How is that global recession going that you were banking on after he got elected?

(11-15-2017 03:12 PM)rath v2.0 Wrote:  How is that global recession going that you were banking on after he got elected?

Who are you talking to? Did someone here predict that?

Adding 1.6 Trillion bucks to the deficit isn't going to help.

Could we see a timeline thats not super restricted?

(11-15-2017 03:15 PM)Tom in Lazybrook Wrote:  Adding 1.6 Trillion bucks to the deficit isn't going to help.

Oh so, increasing the debt by 68% and 7 some odd trillion in the last administration was ok..asking for a friend.

(11-15-2017 03:22 PM)rath v2.0 Wrote:  

(11-15-2017 03:15 PM)Tom in Lazybrook Wrote:  Adding 1.6 Trillion bucks to the deficit isn't going to help.

Oh so, increasing the debt by 68% and 7 some odd trillion in the last administration was ok..asking for a friend.

he also conveniently left out 'spread over ten years'...... they're really good exposing their pee-wee matinee....

(11-15-2017 03:22 PM)rath v2.0 Wrote:  

(11-15-2017 03:15 PM)Tom in Lazybrook Wrote:  Adding 1.6 Trillion bucks to the deficit isn't going to help.

Oh so, increasing the debt by 68% and 7 some odd trillion in the last administration was ok..asking for a friend.

Borrowing isn't always a bad idea, so long as there's some sort of return. Obama did have to raise the deficit....to get the economy out of the ditch that Bush ran it into.

These tax cuts are going to be a disaster. There will be little return.

(11-15-2017 03:48 PM)Tom in Lazybrook Wrote:  

(11-15-2017 03:22 PM)rath v2.0 Wrote:  

(11-15-2017 03:15 PM)Tom in Lazybrook Wrote:  Adding 1.6 Trillion bucks to the deficit isn't going to help.

Oh so, increasing the debt by 68% and 7 some odd trillion in the last administration was ok..asking for a friend.

Borrowing isn't always a bad idea, so long as there's some sort of return. Obama did have to raise the deficit....to get the economy out of the ditch that Bush ran it into.

These tax cuts are going to be a disaster. There will be little return.

In post #1 your brother in arms Tom just said something snarky about blaming the prior administration. You are a man of contradictions, aren't you? A renaissance man of whataboutisms. ,

(11-15-2017 04:01 PM)rath v2.0 Wrote:  

(11-15-2017 03:48 PM)Tom in Lazybrook Wrote:  

(11-15-2017 03:22 PM)rath v2.0 Wrote:  

(11-15-2017 03:15 PM)Tom in Lazybrook Wrote:  Adding 1.6 Trillion bucks to the deficit isn't going to help.

Oh so, increasing the debt by 68% and 7 some odd trillion in the last administration was ok..asking for a friend.

Borrowing isn't always a bad idea, so long as there's some sort of return. Obama did have to raise the deficit....to get the economy out of the ditch that Bush ran it into.

These tax cuts are going to be a disaster. There will be little return.

In post #1 your brother in arms Tom just said something snarky about blaming the prior administration. You are a man of contradictions, aren't you? A renaissance man of whataboutisms. ,

I did nothing of the sort. Reading is fundamental.

(11-15-2017 03:08 PM)EagleX Wrote:  

(11-15-2017 03:03 PM)Redwingtom Wrote:  

Quote:The US dollar is the world’s reserve currency, the representation of US economic might on the global stage and the de facto currency unit for the overwhelming majority of financial assets. Throughout 2017, however, the greenback has taken a long and sustained nosedive to hit multi-year lows. The U.S. Dollar Index, which measures the value of the dollar against a weighted basket of currencies belonging to six of the United States’ biggest foreign trade partners—the euro, yen, pound sterling, Canadian dollar, Swedish krona and Swiss franc—recently slipped to its lowest level in more than two years.

In 2017 alone, the dollar has lost around 12 percent of its value, and its decline of more than six consecutive months marks the longest sustained fall it has suffered in at least 14 years. The dollar’s fall is even more remarkable given that January witnessed the currency notch its highest level since 2002.

A handful of factors have underpinned the dollar’s poor run this year. Among the most impactful appears to be what has come to be known as the “Trump slump”. In the wake of the new US government’s failure to pass healthcare and tax-cut reforms as initially promised, the dollar’s strength has taken a hit as concerns continue to be raised over the Trump Administration’s ability to fulfil its agenda.

WHY HAS THE US DOLLAR BEEN CONSISTENTLY FALLING THROUGHOUT 2017?

Recent forecasts have been better...but they are mostly dependent on the tax cut being signed into law. So if the Republicans can't pull that off...and would that really be a shock if they couldn't...we could be in for some issues going forward.

is this were we blame everything that happens that we don't like on the last president?

President Bunnypants played that record for 8 damn years.

You sir, are a simpleton.

Shots..... Fired

trading range of 92-102 since 2015

What's the problem?



Hint.... It was 70-90 between 2008 and 2015, hence the abbreviated chart... lol...

You guys are SOOOOOOO transparent.

(11-15-2017 05:28 PM)Hambone10 Wrote:  trading range of 92-102 since 2015

What's the problem?



Hint.... It was 70-90 between 2008 and 2015, hence the abbreviated chart... lol...

You guys are SOOOOOOO transparent.

when it comes to the USD???.......well, 'nuf said....

#onlydisappoint

(11-15-2017 03:15 PM)Tom in Lazybrook Wrote:  Adding 1.6 Trillion bucks to the deficit isn't going to help.

Obama added 10, how'd that go?

(11-15-2017 05:34 PM)Bull_Is_Back Wrote:  

(11-15-2017 03:15 PM)Tom in Lazybrook Wrote:  Adding 1.6 Trillion bucks to the deficit isn't going to help.

Obama added 10, how'd that go?

and it only took him 8 yrs.......

(11-15-2017 03:48 PM)Tom in Lazybrook Wrote:  

(11-15-2017 03:22 PM)rath v2.0 Wrote:  

(11-15-2017 03:15 PM)Tom in Lazybrook Wrote:  Adding 1.6 Trillion bucks to the deficit isn't going to help.

Oh so, increasing the debt by 68% and 7 some odd trillion in the last administration was ok..asking for a friend.

Borrowing isn't always a bad idea, so long as there's some sort of return. Obama did have to raise the deficit....to get the economy out of the ditch that Bush ran it into.

These tax cuts are going to be a disaster. There will be little return.

Obama fixed the economy? Link?

Lower value of the US $ isn't necessarily a bad thing.

(11-15-2017 05:28 PM)Hambone10 Wrote:  trading range of 92-102 since 2015

What's the problem?



Hint.... It was 70-90 between 2008 and 2015, hence the abbreviated chart... lol...

You guys are SOOOOOOO transparent.

They are like partisan versions of an online dating site profile where they photoshop the pic or cut off the portion of the photo that indicates they have a size 60 waist.