Hi Pabs
Your comment was that that the USD will go done 15-20 percent against other currencies.
Foreign buyer of US treasuries stand to lose a fortune.
Foreign trade to the US means a 20% increase in price. US products dumping on foreign markets will have a 20% price advantage.
Do you think that Europe , Japan and China will not devalue their currency to remain price competitive.
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Europe, Japan, China and the rest of the world will print money in this Covid crisis to survive.
Australia is China very small bitch that it wants to punish, with almost no effort. If they further push the trade barriers the Aussie dollar will not rise much and could fall.
US Pharma is going to market Covid Vaccine to the world. Mostly for profit.
Yes the USD could fall another 5 - 7% from its current levels temporarily but not when the US pharma's come to play
But not 15 -20%
DYOR
cheers Lies
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