I rather not follow a country whose dollar has fallen to about .71 of our dollar. You follow leaders if you want but not countries dealing with long term economic issues and their dollar has gone from par 1.00 US to1.00 C to .71US. Or put easier what they could buy from us for a single of their dollars a short time ago now cost them 1.41C. Not a good direction to be going.
Jon, I don't mind criticism grounded in logic or reality but this has neither. The climb of our dollar over the last dozen years was hugely about being a petro dollar and the fall is directly related to the drop in the value of oil. Full stop. It's not about anything else. I spent 35 years involved in FX and in particular buying millions of US dollar futures annually to cover my anticipated purchases. I'm not just winging it.
Most independent assessments of our economy suggested we had the best performing economy of the G7 since 2008. Our banking system withstood the 2008 crisis better than any in the Western world. We have lots of problems and our gun laws are included in that, but the drop in our dollar is most directly related to Saudi Arabia's intention to break the back of the US oil industry.
