The dollar fell 2.1% against the euro, so far this week and will likely drop some more this morning. If it keeps up like this, by the end of the year, a dollar will be worth almost exactly, nothing.
The dollar has become the currency of choice for the carry trade. When you factor in inflation, banks actually pay you to borrow money here. Take the money and buy foreign bonds from a country with a strong currency. New Zealand bonds are paying 8% plus and it's a very stable economy. Double your profits. Double your fun. What can you lose? Only money that's not worth anything anyway.
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