Loading ...Normally when they lower the dollar it helps US exports, but at the same time, Europe, Great Britain, Canada, Switzerland, Australia, New Zealand, Japan inverse STRONGER and they get cheaper IMPORTS.
Soooo, if the Dollar and Yuan are PEGGED, (only allowed to symbolically float a microscopic amount) that means to ME, the USA and China are ONE import or export country versus all the others.
This is why I keep saying, we can’t make America great again until they DE-PEG and free up the Dollar and Yuan. Which naturally will HURT all the US corporations that spent money moving their factories over there. And hurt all the Chinese people employed by US corporations over here.
I have no sympathy. 🙂 They have a loaf of USA bread under each arm.
And recent news re bringing back Washing Machine production for one, and “trade deal” talks means TPTB (big corporations) want to bring the USA industries back very slowly one at a time. The way they moved off shore one at a time.
All futures are priced in US dollars, note in chart below, Dollar down all others up. We NEVER see a Yuan chart there.
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d1
P.S. It’s very possible TPTB will rotate the Dollar back UP a while, to reverse the Europe, Great Britain, Canada, Switzerland, Australia, New Zealand, Japan currencies inverse to WEAKER currencies and their producers get HELP exporting. And make Imports from USA and China more expensive and inhibit their more expensive IMPORTS.
Everybody gets a rotating turn at feast or famine. But this Virus is a big wild card.