The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, has written a bit of history this week, with at one point a 3.5% devaluation since Monday and trading near 103.80 at the time of writing on
With the intensified world monetary crisis, the American dollar, which is the key currency of the capitalist world, was devalued by 7.89 percent in December 1971. Devaluation of the American dollar entailed devaluation of the currencies of many capitalist countries, but at the same time the curre...
Germany managed to “engineer” such an increase in competitiveness while it did not manage to do it when it had its own currency. The German Mark, as any of the other large currencies in the world (the US dollar) fluctuated in directions that might not always have been in the interest ...
The yuan would be devalued against Gold also. The XAU/CNY peg would be revalued higher, meaning Gold in dollar terms would remain relatively unchanged immediately after such a devaluation. Gold is not a commodity, it’s money. In the past, when the British pound was devalued against the ...
You can use a Citi AAdvantage card to earn double miles when buying AAdvantage miles (since American Airlines processes its own buy miles transactions), although if you don't need the extra AAdvantage miles you can earn 3X AMEX points per dollar using your Premier Rewards Gold or AMEX Busin...
The US is not export-driven. • A Weak US Dollar Will Not Make America Great (Lacalle) The US dollar has become the safest asset in the face of mounting evidence that the “beggar thy neighbor” policy and drowning structural problems in liquidity is coming to a close. The reality is...
Between March 2022 and the end of 2022, pricing at 97% of properties will continue to range between off-peak and peak redemption rates Starting in 2023, there will be no more limits on award pricing across the board For context, below is the current Marriott Bonvoy award chart, where award...