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I believe all commodities are traded in US Dollars. The US Dollar is treated like a commodity, so naturally, it also is traded in Dollars. That means to me, all other currencies simply go inverse USD. Clearly seen below. Obviously this is engineered, but for what?? Are they hoping millions of Americans will go on vacation at big discounts in other countries? (welfare)
Or…They want lower energy prices for consumers? (welfare) Lower material prices for EV green energy businesses?? (all welfare at producers expense)