I see a lot of doom posts and gold schilling over the weakness of the dollar this year, but in a historical context it’s not weak at all. It’s hovering right around a 40 year average.
A quick glance at a chart shows It hit its current level in almost every year from 2014 through 2022. It was even weaker before then. It seems to just be normalising after a few years of strength. So why all the doom an gloom?
I know there’s inflation worries, but plenty of money markets are other returns above inflation, so don’t really understand all the negative sentiment.