Loading ...Rother that. My thoughts, assume all futures contracts are traded in or priced in, US Dollars, then driving the dollar higher, automatically drives the others inverse lower. For trade advantages. Similar to a tariff on imports of American made goods. And a big discount for Americans buying imports and hurting domestic producers.
I remember when they ran the USD down to 72. A temporary blessing out of need. Naturally all the other countries’ currencies went way up. A temporary “give back”. I assume TPTB figured the USA economy needed some help. The 72 Dollar made foreign imports get expensive like a tariff, and OUR exports get bought at discounts by foreigners.
Most of the time though, the USA gets the back seat, as if we are the fat cat on the planet and can afford to be screwed. The whole system is in trouble. Gamblers should not be able to get a contract to buy or sell something they don’t own or have. It causes the REAL producer seller, and real consumer buyer, to have to buy contracts to hedge against the phony gamble hunch or “votes” on prices.
Dollar up others down: