reuters.com
www.reuters.com

cross-posted from: https://lemmy.ca/post/45956989

The dollar has sunk to its lowest in three years as rapidly changing U.S. trade policy unsettles markets and expectations build for Federal Reserve rate cuts, fuelling outflows from the world’s biggest economy.

With the dollar down almost 10% against a basket of major currencies this year

  • hansolo@lemmy.today
    2·
    2 days ago

    In practical terms, I threw a couple paychecks of USD into EUR when it was $1.11=€1 as a test case for if the Mar a Lago Accord ends up really happening. So late Jan, and ready to move more in 24ish hours if I these fools do more of what they do best. I made like $75 today alone just on the mid-market rate arbitrage.

    Y’all, were cooked, but I’ll bring beers to the cookout.