Maybe in a few years.
The US Fed has stopped it's quantitative easing measures. They are tightening.
This means people are looking for a higher return on their cash.
Meanwhile pretty much everyone outside of the US has been doing business with contracts underpinned by USD. At some point USD borrowed needs to be repaid, in USD. Receivables for product/material are coming due, in USD. Everyone is desperate for USD right as the expected return on USD in increasing, this makes it more expensive (and harder) for people to get their hands on USD. In a lot of cases they don't have a choice either and will need to pay up for that USD.
Look at what has happened in Sri Lanka, Evergrande in China, etc. The strength of the USD on the global scale is only just beginning.
Maybe in a few years.The US Fed has stopped it's quantitative...
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Last
4.9¢ |
Change
-0.003(5.77%) |
Mkt cap ! $23.82M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 4.9¢ | 4.9¢ | $15.06K | 307.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 134086 | 3 |
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| Last trade - 13.35pm 04/10/2024 (20 minute delay) ? |
| NXM (ASX) Chart |