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What is the status of US currency? (Strength of the dollar)? Strong or weak?
Some people say the dollar is about to crash. The debt ratio is so high. We cannot pay the interest so .... You can pretty much connect the dots. Somethings going to go. When and how and what are the signs.
2 Answers
- pucman1961Lv 76 years ago
The strength of the U.S. Dollar is very strong. It has gained against almost every currency . I live in Canada on the border and have stopped crossing the border to,shop. It costs me 1.38 Canadian to buy a U.S. Dollar. 2 years ago the dollar was at par.
The U.S. Dollar has been gaining strength because the U.S. Economy is do fairly well. Interest rates are about to rise putting more upward movement on the U.S. Dollar.,
The other cause of a strong U.S. Dollar is the weakness of othe countries economies are not doing so well. Especially oil producing countries like Canada. The drop,of the price of oil has hurt Canada's economy .
Also investors have been taking selling gold to buy U.S dollars. I did this and it made me a good profit.,
- Anonymous6 years ago
The signs are the increase in imports, but lower exports. The US businesses in China are down. Migrations from the war zone are coming more than debts. Yes we will have troubles soon staring from debt servicing.