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Citi predicts the greenback could weaken ‘substantially’ — to as low as 85 on the dollar
Posted on 11/1/19 at 5:36 am
Posted on 11/1/19 at 5:36 am
quote:
The U.S. dollar index could fall to as low as 85 as the Federal Reserve grows its balance sheet again by purchasing more bond assets, a Citi strategist said Thursday.
“Our latest projections are that it would weaken even further — maybe to the high 80s, perhaps even as low as 85,” Mohammed Apabhai, head of Asia Pacific trading strategies group at Citi, told CNBC’s “Street Signs.” Technical analyst Daryl Guppy said last year that 85 is a “historical support level” for the dollar.
LINK
This is great news. This will hopefully be enough to make our exports competitive.
Posted on 11/1/19 at 7:06 am to OleWarSkuleAlum
What a stupid thing to hope for, wow.
Posted on 11/1/19 at 7:10 am to OleWarSkuleAlum
quote:Until everything you buy costs 15-20% more because the dollar isn’t worth as much
This is great news
Posted on 11/1/19 at 7:32 am to OleWarSkuleAlum
You need to change your name to Olenumbskull....
Posted on 11/1/19 at 8:52 am to wutangfinancial
quote:
What a stupid thing to hope for, wow.
It is clear you have zero idea how net exports work and how manufacturing is effected.
Posted on 11/1/19 at 8:53 am to OleWarSkuleAlum
quote:
This is great news. This will hopefully be enough to make our exports competitive.
race to the bottom
Posted on 11/1/19 at 8:54 am to OleWarSkuleAlum
Good for debtors.
Bad for savers.
Bad for savers.
Posted on 11/1/19 at 11:12 pm to OleWarSkuleAlum
They don't realize that this means the US cleans house on the world. When Sasol pulled the trigger on that huge expansions, Euro friends started telling me that this was the beginning and that the US was going to crush the European manufacturers. I'm talking financial guys, big money/projects guys.
Then Trump cutting taxes puts the US on a level playing field not seen since WWII
Then Trump cutting taxes puts the US on a level playing field not seen since WWII
This post was edited on 11/1/19 at 11:14 pm
Posted on 11/1/19 at 11:16 pm to Tiger Prawn
quote:
Until everything you buy costs 15-20% more because the dollar isn’t worth as much
It means that globalists are shitting and that what you buy will be more likely to be made in the USA.
Companies will profit here with an already tight labor market wages should rise.
Posted on 11/2/19 at 12:21 am to OleWarSkuleAlum
quote:
This is great news.
Load up on gold and bitcoin baws.
Posted on 11/2/19 at 1:50 am to OleWarSkuleAlum
quote:It’s almost as if there aren’t 325+ million people in the United States and a vast array of business sectors, most of whom do not benefit from manufacturing, especially those most closely tied to the export market. And it’s almost as if that same majority who doesn’t benefit from a weaker dollar is more likely to be negatively impacted, and the greater the weakening the more negative the impact.
It is clear you have zero idea how net exports work and how manufacturing is effected.
So then maybe it’s possible that someone knows that something is bad for the majority is also good for the minority, but believes what’s bad for the majority is just bad.
Between here and the money board, I just can’t figure out if you’re trolling, or just someone knows a little bit about something but is unable to realize what he doesn’t know and thinks he’s an expert instead.
Posted on 11/2/19 at 2:28 am to OleWarSkuleAlum
Greenback is another word for dollar so the title of your post could be rephrased. I didnt understand it until later (going down or up).
Keep in mind a country like China would have much less of a reason to keep buying us treasury notes and interest rates would rise along with us debt payments on our previous debt.
Keep in mind a country like China would have much less of a reason to keep buying us treasury notes and interest rates would rise along with us debt payments on our previous debt.
This post was edited on 11/2/19 at 2:37 am
Posted on 11/2/19 at 3:19 am to OleWarSkuleAlum
quote:Affected...
and how manufacturing is effected.
Posted on 11/2/19 at 4:14 am to OleWarSkuleAlum
quote:
It is clear you have zero idea how net exports work and how manufacturing is effected
Affected
Posted on 11/5/19 at 4:39 pm to OleWarSkuleAlum
this would be great for manufacturing and the economy
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