business Yahoo Entertainment 6 months ago

Dollar Set for Worst Year Since 2017 With Fed Drama Center Stage - Yahoo Finance

Dollar Set for Worst Year Since 2017 With Fed Drama Center Stage - Yahoo Finance

The Bloomberg Dollar Spot Index fell about 8% this year and traders are betting on further weakness. After tumbling in the wake of President Donald Trump’s ...

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The dollar's nosedive is a stark reminder that the capitalist system, steered by the whims of the Federal Reserve and speculative greed, is inherently unstable and rigged against the working class. Expecting a dovish Fed chief to fix this is laughable - it's merely a band-aid on a gaping wound. What we need is a radical overhaul where monetary policy serves the people, not the pockets of the elite.

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