What is utterly amazing is the middle east is destabilizing, you would think there would be a flight to safety, traditionally US treasuries.
But instead US dollar is losing value compared to a basket of other currencies. Further, US long term interest rates are rising. I wonder how bad it would be if there was peace in the middle east for the USD?
Well, chart wise, we better have a really big crisis, or else the dollar will start breaking through support from 2008, and once below 70, making all time lows. The chart below doesn't have a timeline, the last US peak shown was June 2010, as a frame of reference.
Got resources? Good! You will need them to keep your purchasing power.
To the charts!
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| From WebSufinMurfs FinancialBlog2 |
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| From WebSufinMurfs FinancialBlog2 |
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| From WebSufinMurfs FinancialBlog2 |
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| From WebSufinMurfs FinancialBlog2 |
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