Major World Currencies Collapsing against the $DXY
There is trouble in the periphery. How long before “the centre cannot hold?”
The Euro broke below parity with the US Dollar today. Fifteen months ago the Euro was $1.22
This is a significant collapse. There is no sign of a bottom, not yet.
$XEU – Daily
Neither is the Chinese Yuan looking healthy. They seem to be having a spot of trouble with a collapsing real-estate market.
CYB WisdomTree Chinese Yuan Strategy Fund – Daily Line
Japan insists on zero bound interest rates.
$XJY – Japan Yen – Weekly Line
Let’s not forget about the UK Pound
$XBP – Weekly
Thanks Foxy…Milestone !
This is Luongo’s Thesis confirmed IMO
It seems the market has decided there are many countries are in deep doodoo compared to the USA, and thus the demand for $USD is pushing the price of the dollar up. However, what happens when people decide, “the ($USD) king has no clothes?” Real assets will hold their value, despite what we’re CURRENTLY seeing in the PM and commodity markets.