Any currency reflects the productivity differential (output per man hour) between two countries and government policies on investment and education.The weakness of the dollar reflects the low global competitiveness of most of our industries.The money printing of the Fed attempts to compensate for this lack of competitiveness and stimulate the economy.
My point is that it is not the money printed by the Fed that weakens the dollar. If our economy were strong and competitive in the global markets in the first place the Fed did not need to print excessive amounts of money to make it grow.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest
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