We’ve posted this before – but as the ailing US currency drops through $1.47 against the euro and $2.10 against sterling, it merits a second (and updated) airing.
The chart comes from Sempra Metals, who make a couple of additional points:
- The US dollar has now lost more than a third of its value (-35%) against a basket of major currencies since Feb 2002.
- The decline is accelerating. The USD has shed -12.5% of its value in the last year, -3.5% in the last month, and -1.5% in the last week alone.
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