The US is sinking ... sinking ... sinking, page-5

cal50

I am not a great fan of hyperbole. So when I see a claim that the USD is "under pressure" (particularly when its price is rising sharply) I like to have a look at what is really going on.

If the USD was really "under pressure", I would expect to see a retreat from the foreign ownership of US Treasuries...

http://www.treasury.gov/ticdata/Publish/mfh.txt

It turns out that the aggregrate foreign holding of US Treasuries increased by 7.2% between July 13 and July 14.

If the USD was really under pressure, that number should be falling.