Not on its knees. Rather,
on its belly.
- EUR\USD: 00.727
- GBP\USD: 00.494
- CHF\USD: 01.187
- CAD\USD: 01.057
Yes, these are all downward trending values, meaning that the dollar's value is falling across this board.
The main reasons for the falling buck is, directly, the Trade Deficit and the Budget Deficit. However, as Chinese wages go up, the
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