Euro hits 17-month low, dollar near pre-Liberation Day highs - The Business Times
Euro hits 17-month low, dollar near pre-Liberation Day highs - The Business Times
Source: The Business Times
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DW NOTE
The euro is collapsing against a dollar that's rising despite a $1.9 trillion federal deficit and inflation data that shows producer prices running at 5.4% — 60% above consumer prices, which means either the BLS numbers are fiction or corporate margins are about to implode. When a currency strengthens while its issuer is borrowing 8% of GDP annually, you're not watching monetary discipline, you're watching the last stage of a reserve currency extracting rents before the architecture fails.