NEWS The U.S. dollar is strong right now. But not everyone is happy about that

[Google News Bot]

Compared to many world currencies, the dollar is the strongest it's been in decades. That's affecting the global economy and how business gets done. ...

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[GoldenLady]

Given that anytime the Dollar is strong, other currencies will be weak against it, it's understandable that some people won't be happy.

For those who like cryptocurrency too,.a strong dollar means a weak Bitcoin and vice versa.

 

[Shigobad2020]

Currently , the US Dollar has crashes against the naira and most of the crypto currency investor like myself has lost a whole lot of money , most especailly with usdt .

 

[Skysaint]

I think I too noticed this because the normal rate of my local currency before in the black market was once 560 and it got to a point where it was at about 800 although it's now going down a little bit.

 

[Sincerem]

Given that anytime the Dollar is strong, other currencies will be weak against it, it's understandable that some people won't be happy.

For those who like cryptocurrency too,.a strong dollar means a weak Bitcoin and vice versa.

You seems to have a better idea on how these thing's really works , so does it really mean that an increase in the price of cryptocurrency will slowly decline the strength of the US dollar ?

 

[Bookwormlux]

The dollar is rising always and this gets to affect the economy of small and poor countries.

It is important for local production to be increased in such countries.

 

[Genie01]

The increase in price of dollars causes a major decline in the value of foreign currencies. This is a pure sign of inflation and it would drastically affect the economy of several countries.

 

[HayKay]

The earlier these guys just realize that the dollar is the base on which a lot of other currencies are compared, the better for them. Currently the economy of the US determines a lot of happenings around the world.

 

[Good-Person]

Given that anytime the Dollar is strong, other currencies will be weak against it, it's understandable that some people won't be happy.

For those who like cryptocurrency too,.a strong dollar means a weak Bitcoin and vice versa.

The rates of dollar shall continue to rise if the interest rates increase. The rates of the dollar also depend on the economical developments of other countries as well.

 

[Genie01]

The increase in the strength of the dollar signifies a decrease in the strength of foreign currencies. This is highly definitive of inflation and it is not going to be likely to many .

 

[Ayojesu]

I am happy about that because I ma a forex trader living in Nigeria nad it means more profits to me and also its not a good news for crypto spot traders because its blood-bath in the crypto market for over a month now