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IPFS News Link • Federal Reserve

Check Out How The Dollar Has Been Crushed Since June

09-29-2010 • Businessinsider.com/

The U.S. dollar index has been sinking since early June, and is now down to 78.69. What this means is that the dollar has devalued against a basket of international currencies since June. Not surprising, since quantitative easing and further money supply support are devaluing the currency. From Bloomberg, note the recent peak in June (88.4), to today (78.69).

1 Comments in Response to Check Out How The Dollar Has Been Crushed Since June

Comment by PureTrust

Entered on: 9/30/2010 11:32:47 AM

Good thing the dollar belongs to the foreign-owned FED. I need to remind myself to use other methods than the dollar for living... and especially investing.

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