Ever Beedle

@11112011 Yo why is the dollar suddenly the goat currency?

1+
Jens Rasmussen

@dave The USD has been the currency since at least 1945 though?

1
Ever Beedle

I was taking about its valuation vs. other currencies over the last several months. @parker posted a good GIF of this yesterday -

https://gleasonator.com/@parker@leafposter.club/posts/ANuVJ6UIUm2zJ0Rd9k

1
Jens Rasmussen
@dave @parker I don't actually know, according to my brother who follows this slightly more than I do, it's because the US raised the central bank's interest rate earlier than the rest of the west. How or why that I works, I don't know.
1
skells
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@Jens_Rasmussen @dave @parker higher interest rate = debts have to be paid faster

a lot of global debt is denominated in USD so if you want to pay your bills you have to buy dollars, thus dollar goes up

or something to that effect

· · SubwayTooter · 0 · 0 · 5
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