TRASH DOLLAR: Euro Extends Gains vs Dollar — Now Up More Than 14% For 2017

All of the dollarfags were rejoicing after the election — as the dollar roared higher alongside the market. It made no sense to see this, since we’re largely reliant upon exports to further our financial hegemony.

Lo and behold, after Trump talked the dollar down — praising the undervalued nature of the euro back in January — the dollar has been on a ruinous path to hell.

Here’s the US dollar index.

And here is the Euro crushing the souls and the American spirit, embedded in the US dollar.

A weaker dollar is supposed to promote greater exports — and stronger commodities. Thus far, we haven’t seen the silver lining of all this dollar chicanery, only the onerous effects it imposes on the aristocracy as they saunter overseas for their summer vacations.