To be clear, it doesn't make sense to say "the dollar traded at pretty stable le... | Hacker News

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		throwaway2037 14 hours ago \| parent \| context \| favorite \| on: Trump wins presidency for second time To be clear, it doesn't make sense to say "the dollar traded at pretty stable levels". You need an FX pair to make sense. There are three big, floating currencies in the world: USD, EUR, and JPY. These currencies are overwhelming used for international trade. The USD<->EUR FX rate has been quite stable (~1.10) for about 10 years. However, the JPY<->USD FX rates has risen dramatically since 2022.

llamaimperative 14 hours ago [–]

To be clear, it's obvious I'm saying across a basket of all FX pairs, the US traded at pretty stable levels. There is no sign at all of debasement.

JPY, likewise, has performed terribly against a basket of all FX pairs.

JPY is the outlier.

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