Not even Krugman has picked up on this one

[libertango]

Has anyone else noticed that the dollar has been tanking since the beginning of the War?

I have -- albeit wholly out of self-interest.

See, Ulrika has an account in Sweden that's kronor (SEK) denominated. Mostly it's a legacy from her grandparents.

That account has picked up 8.6% since the beginning of the year. About 2 percentage points of that has come in the last week of trading. Relative to normal currency trading, those moves are huge.

What a vote of confidence from the rest of the world, eh?

(Update: I just took a peek at the Euro, and the dollar's dropped about 7% against that since the beginning of the year as well. Even the ruble has gained about 2.5% against the dollar since the beginning of the year.)

Comments

[numbat.livejournal.com]

Economist on the news here was talking about this only last week. He reckoned it was tied to the increasing amount of debt the US is carrying. What I want to know is will this affect my ability to sell on eBay? (Yes. i know this is a selfish viewpoint.)