Dollar is worth less and less – Wel.nl

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The exchange rate of the US dollar is falling more and more. The more sick there are in the US, the cheaper the dollar becomes. Analysts are expressing doubts about the sustainability of the dollar as a reserve currency, as concerns about the US economy push the rate further and further down, the FD writes.

One euro was close to $ 1.18 on Friday at closing, while it was still close to $ 1.09 at the end of May. This is a significant movement in the foreign exchange market, which is also accelerating. Measured against a basket of other major currencies, the dollar experienced its worst month in a decade in July.

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