Everyone Suddenly Likes Weak Currencies

What's the deal with weak currencies? First Russia's c-bank on a dollar buying spree to keep the ruble cheap, then Mnuchin says a weak dollar is better, now Norway's hailing a weaker crown. I know there are pros and cons to both strong and weak currency scenarios but still.

Share this post


Link to post
Share on other sites

Yep, I guess it's only fitting since fiat currencies will eventually die and replaced with "In Bitcoin we Trust". Trump helped that along by rooting for a weak dollar basically at Davos. I'm not an economist, so don't feel comfortable predicting what this all means, though.

Share this post


Link to post
Share on other sites

No one in washington has ever said such things about the weak dollar. This is new for sure. Weak dollar is great for exports, which I suspect we're planning on doing a lot more of, like oil and nat gas. This is good for US companies which will likely see greater sales. And therefore good for the economy in general. 

Weak dollar not so great for imports.

Share this post


Link to post
Share on other sites
Sign in to follow this  
Followers 0