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The US dollar is on track for its worst year in modern history

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124 points harambae | 1 comments | 04 Jul 25 06:47 UTC | HN request time: 0.288s | source
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snovv_crash ◴[04 Jul 25 07:31 UTC] No.44462062[source]▶
From outside the US, all the 'stock market gains' have actually been zero or negative because of this. I wonder how long before inflation hits...
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mindok ◴[04 Jul 25 07:44 UTC] No.44462144[source]▶
Not in Australia. Our dollar has taken a beating too. I guess digging holes and selling property to each other at ever higher prices isn’t that interesting to the rest of the economic world.
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1. patrickhogan1 ◴[04 Jul 25 08:02 UTC] No.44462266[source]▶
Australia printed a lot more money relatively than the US from COVID-19 until now, largely to capitalize on a booming commodities sector. A factor that led to some do weakness.

But I think any weakness is temporary. With a stable government and abundant natural resources that will be even more sought-after in an AI-driven world and largely insulated from automation Australia’s long-term prospects look strong.