Why US Dollars rised over teh last day?

[Traianvs]

Originally posted by Dr Strangelove
Maybe because Europe is seen as not able to get its act together and co-operate to save itself?

Yes. Even an integrationist power like Germany is less eager now. In the Eurogroup summit scheduled to start off in a few hours, little ambition is shown towards a concerted effort in reducing the problems. A supranational European watchdog as proposed by some integrationist member states such as Belgium will not be discussed. Neither will there be a debate around an emergency fund, a widely acclaimed suggestion.

I am biased because I'm pro-integration, but this crisis and the way it is handled by the EU and its national governments further support my disposition tbh.

[Kidlicious]

The trade deficit with the EU fell by 38.5%. That's got a lot to do with it.

[Victor Galis]

Looks like US exporters are screwed now.

[Vanguard]

The dollar and oil are (somewhat) negatively correlated. When oil goes up the dollar falls. When oil falls the dollar rises.

[Lancer]

*Puts CrONoS name on list*

[CrONoS]

Nice I love being on a list

[Agathon]

Originally posted by DanS
Two possibilities among others...

1) US assets are seen as the safe haven

2) US individuals and companies were repatriating dollars en masse

There's a deeper structural reason that capital sees the US itself as a safe haven. Of all major countries, the US is most committed to unrestricted capitalism. Other countries, particularly, the European ones are more likely to enact policies that are not capital friendly or enact policies that are more unfriendly than the US.

This movement can be seen as capital retreating to its inner fortress because it feels the possibility of a mortal threat. If it had gone to Europe, it would have impoverished the US and defanged its greatest defender, probably wounding itself in the process. possibly fatally.

So the US may be perceived as a necessary last haven for capital, whether or not its particular assets make financial sense or not. And frankly, the US makes no financial sense at all when you look at the balance sheet and the sheer financial insanity it has caused.

[Thue]

Originally posted by Agathon
If it had gone to Europe, it would have impoverished the US and defanged its greatest defender, probably wounding itself in the process. possibly fatally.

That assumes that capital is acting altruistically coordinated. The individual investors are neither altruistic or coordinated.

[Thue]

Originally posted by Vanguard
The dollar and oil are (somewhat) negatively correlated. When oil goes up the dollar falls. When oil falls the dollar rises.

Why?

[Darius871]

Originally posted by Agathon
This movement can be seen as capital retreating to its inner fortress because it feels the possibility of a mortal threat. If it had gone to Europe, it would have impoverished the US and defanged its greatest defender, probably wounding itself in the process. possibly fatally.

Oh get over yourself.

[Nostromo]

Originally posted by snoopy369
Confidence in US economy != value of US dollar. There's no reason to be not 'confident' in the US dollar in the sense that it won't be not solvent; and as more people flee the stock market, they do that by... buying dollars, essentially. Supply and demand. Yes, they could buy CAD, but most of the fleers are Americans, and ... we don't like your weird funny money.

Can someone explain to me what "! =" means?

[chequita guevara]

Originally posted by Thue
That assumes that capital is acting altruistically coordinated. The individual investors are neither altruistic or coordinated.

Altruism has nothing to do with it. Aggie is talking about naked self-interest.

[DanS]

Originally posted by Nostromo
Can someone explain to me what "! =" means?

The programming portmanteau for "not equal to."

[Thue]

Originally posted by Comrade Snuggles


Altruism has nothing to do with it. Aggie is talking about naked self-interest.

But every player is too small to make a difference. So why jump aboard the sinking ship and try to patch the holes?

[chequita guevara]

Originally posted by Nostromo


Can someone explain to me what "! =" means?

!= and /= and =/= and ≠ all mean "do not equal"

Handwritten, it would just be a slash through an equals sign, but we don't have fun math symbols like that on the keyboard, you have to use html code to render it

& ne; or & #8800; = ≠ (without spaces between the ampersand and the following characters