News & videos about the predicted collapse of the United States dollar, as well as the American stock market in 2014.

Thursday, December 1, 2011

US Economy is Up, US Dollar is Down

So, an improving US economy is bad for our currency?

The dollar and the yen were set for their biggest weekly declines against the euro in more than a month as signs the U.S. economy is picking up damped demand for haven currencies.

The yen was 0.3 percent from a two-week low versus Europe’s common currency ahead of a U.S. report today forecast to show the pace of hiring quickened last month. The dollar was poised to weaken against 15 of its 16 major peers this week before Federal Reserve Bank of Philadelphia President Charles Plosser and Fed Bank of Dallas President Richard Fisher speak today. Gains in the euro were limited before German Chancellor Angela Merkel outlines her stance for a Dec. 9 European summit.

“We’re actually seeing the U.S. economy being one of the few bright spots out there,” said Robert Rennie, Sydney-based chief currency strategist at Westpac Banking Corp., Australia’s second-largest lender. “Better U.S. data is in the short term a modest negative for the U.S. dollar.”

Dollar, Yen Poised for Weekly Losses on U.S. Recovery Signs - Businessweek

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Breaking US Dollar Collapse News

What's Behind the Decline of the US Dollar?

This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011
Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.

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