Loading ...The US Dollar is still way over priced, it was historically around 80 on the index. For a while it was up to 110, so 96.38 today is still way over priced. And besides all that all prices on the futures market are priced in US Dollars.
So when the dollar goes down, all the others go up, shown below. The only currency that sort of matches the dollar, or is pegged is the Japanese Yen and the Chinese Yuan.
1.5 years https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=w
3 months https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d
Lest face it, if back around 1989 they were promoting off shoring our jobs to China, don’t you think American companies would want assurance that things stay the same, re currency exchange rates? Like a business needing a 50 year “lease” so they don’t waste their money moving everything over there.
One time I saw a trucker moving machinery out of a manufacturing business. I asked him, where are you going with all that machinery? To the docks in Manhattan going overseas.