$Dollar Index DXY advice needed

bery_451

I see the dollar index is rising putting downward price pressure on gold.
https://finviz.com/futures_charts.ashx?t=DX&p=m1

Questions I like to ask:


- Is DXY index going up because Euro EUR currency is going down now?

- Will all that money printing for stimulus cheques coming soon courtesy of the Biden administration, will that put downward price pressure on the DXY because of inflation or is DXY is only measured against EUR and other currencies regardless of how much inflation there is in the $US Dollar? Lets say there is Hyperinflation with both $US Dollar and EURO at the same time then will that mean DXY wont be affected?

- Will DXY be updated to include the Chinese Yuan currency and approx. when will that be?

- Like gold can DXY put downward pressure on Bitcoin too?

- Can cashing out assets to the $Dollar, like selling off stocks, selling bitcoins for $dollars increase the DXY? I ask because of the march stock market crash last year the DXY jumped up in price at the same time.

- When people spend $Dollars, then will that put downward price pressure on DXY? Is it spending Dollars from savings or from debt that causes this?

- Will low interest rates put downwards price pressure on DXY because it encourages more spending and less saving? Also this encourages a lot of borrowing to spend that should boost the economy but does a US economy that is running on debt increases or decreases the DXY?

- Is it high DXY that causes Crude Oil prices to go up or vice versa?

- If the USA changes its paper fiat $Dollar currency to the newer blockchain CBDC Central Bank Digital Currency digital programmable new $dollar money system, then will that replace or Reset the DXY to 0? 

You all probably thinking were all in the UK and the $Dollar got nothing to do with us brits because were using British £GBP but let me remind you the $Dollar is the World Reserve Currency because its the only currency on the Gold Standard meaning if anything happens to the dollar like if it implodes/crashes then it will have a domino effect worldwide affecting all countries that has dollar reserves in their central banks.

Voyager2002

Any chance you could re-write that in English?

bery_451

Voyager2002 said:

Any chance you could re-write that in English?

Don't you understand americano   ?

HansOndabush

bery_451 said:

You all probably thinking were all in the UK and the $Dollar got nothing to do with us brits because were using British £GBP but let me remind you the $Dollar is the World Reserve Currency because its the only currency on the Gold Standard meaning if anything happens to the dollar like if it implodes/crashes then it will have a domino effect worldwide affecting all countries that has dollar reserves in their central banks.

I think you will find that the $Dollar has not been on the gold standard since the Nixon era. Do read a few history books before posting.

Thrugelmir

There's certainly a view that the dollar could potentially weaken against other major currencies (~ 5 % in 2021). The US economy has structural weaknesses. The Biden administration is going to put people before profit. A mirror opposite of the Trump era. 

The renminbi has a growing influence in the Asia-Pacific region. The US $ isn't what it was. 

HansOndabush

All fiat currencies will be toast in a few years; they have been too abused this time round. The great reset will involve some new form of digital currency that will likely have to be backed by something other than hope if people are to trust in it.

bery_451

HansOndabush said:

bery_451 said:

You all probably thinking were all in the UK and the $Dollar got nothing to do with us brits because were using British £GBP but let me remind you the $Dollar is the World Reserve Currency because its the only currency on the Gold Standard meaning if anything happens to the dollar like if it implodes/crashes then it will have a domino effect worldwide affecting all countries that has dollar reserves in their central banks.

I think you will find that the $Dollar has not been on the gold standard since the Nixon era. Do read a few history books before posting.

Okay cheers for reminding me 
If the $ is taken off the gold standard then why is it still remain to be the world reserve currency for 50 years and going after it has been taken off the gold standard?

bery_451

HansOndabush said:

All fiat currencies will be toast in a few years; they have been too abused this time round. The great reset will involve some new form of digital currency that will likely have to be backed by something other than hope if people are to trust in it.

Can paper money be saved by a silver standard or something that is backed by silver? Lets say scientists discover trillion tonnes of liquid silver sploshing around in the earth's core. Can central banks put a future promise to the people saying it will one day be backed by silver?

The CBDC new digital programmable currencies that are on the blockchain like bitcoin except bitcoin is decentralised and CBDC's are not. Do you think CBDC's will be backed by bitcoins?

I say bitcoins because the whole bitcoin system is based on fundamental mathematics and it is decentralised too. We all can agree that a simple math of 2 + 2 = 4, it will always be 4, the answer will never change from the past to present and to the future so there will be no disputes or challenges to that answer because its a truth statement that we all agree on in the world no matter what your religion or background your from. Unlike science where science changes & evolves very quickly over time and is full of 'theories' not scientific established facts where the answers can be opposed or challenged or debated. Like the 'Big Bang Theory', 'Theory of Evolution', 'Climate Change Theory', Einsteins's 'Theory of Relativity' and many more so called theories that that can change quickly over time.

So decentralised fundamental mathematics is the truth that cannot be manipulated by centralised forces and entities hence I can see why Bitcoin gained so much value today because it has trust in the decentralised system so hence I say for the central banks to get the public to trust their CBDC's will they back it up by Bitcoins?

Thrugelmir

bery_451 said:

HansOndabush said:

bery_451 said:

You all probably thinking were all in the UK and the $Dollar got nothing to do with us brits because were using British £GBP but let me remind you the $Dollar is the World Reserve Currency because its the only currency on the Gold Standard meaning if anything happens to the dollar like if it implodes/crashes then it will have a domino effect worldwide affecting all countries that has dollar reserves in their central banks.

I think you will find that the $Dollar has not been on the gold standard since the Nixon era. Do read a few history books before posting.

Okay cheers for reminding me 
If the $ is taken off the gold standard then why is it still remain to be the world reserve currency for 50 years and going after it has been taken off the gold standard?

One good reason is that many commodities are priced and traded in US$. As a consequence $ are held in reserve in order to facilitate payment. 

1404

Good evening,

What is the best way for a UK investor to gain exposure to the USD/DXY, please?

booneruk

HansOndabush said:

All fiat currencies will be toast in a few years; they have been too abused this time round. The great reset will involve some new form of digital currency that will likely have to be backed by something other than hope if people are to trust in it.

Sigh. Maybe since Nibiru somehow didn't happen, perhaps.

How are you preparing for this financial apocalypse?