Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 18 hours agoEmpty rooms and Fifa cancellations - US hotels fear World Cup washoutwww.bbc.comexternal-linkmessage-square116linkfedilinkarrow-up1516arrow-down12
arrow-up1514arrow-down1external-linkEmpty rooms and Fifa cancellations - US hotels fear World Cup washoutwww.bbc.comLee Duna@lemmy.nz to World News@lemmy.worldEnglish · 18 hours agomessage-square116linkfedilink
minus-squareTheOctonaut@piefed.ziplinkfedilinkEnglisharrow-up4·10 hours agoI’m confused as to why you think converting your money was a notable act? What was the alternative?
minus-squareutopiah@lemmy.worldlinkfedilinkEnglisharrow-up1·24 minutes agoThey decoupled, they don’t have to follow US news and for each bad news hurt both psychologically and financially.
minus-squareMs. ArmoredThirteen@lemmy.ziplinkfedilinkEnglisharrow-up12·9 hours agoMore people dumping usd means lower demand for it, potentially lowers it’s value. I know it’s more complicated than that and my contribution is basically pennies but I’m hoping it helps a bit
minus-squareTheOctonaut@piefed.ziplinkfedilinkEnglisharrow-up5arrow-down1·7 hours agoThat’s… not how currency markets works. At all. Tell me, what do you think happened to the dollars? You essentially exported them. More US dollars are now in international use than before. As you said, not a significant amount in any way, but just bizarre to celebrate contributing almost nothing to the wrong outcome.
minus-squareayyy@sh.itjust.workslinkfedilinkEnglisharrow-up1·29 minutes agohttps://en.wikipedia.org/wiki/Supply_and_demand
minus-squareVAK@lemmy.worldlinkfedilinkEnglisharrow-up1·3 hours agoDo you want them to hold onto it forever, never use it or burn them? (Which will lower inflation for usd based economies anyway)
I’m confused as to why you think converting your money was a notable act? What was the alternative?
They decoupled, they don’t have to follow US news and for each bad news hurt both psychologically and financially.
More people dumping usd means lower demand for it, potentially lowers it’s value. I know it’s more complicated than that and my contribution is basically pennies but I’m hoping it helps a bit
That’s… not how currency markets works. At all. Tell me, what do you think happened to the dollars?
You essentially exported them. More US dollars are now in international use than before.
As you said, not a significant amount in any way, but just bizarre to celebrate contributing almost nothing to the wrong outcome.
https://en.wikipedia.org/wiki/Supply_and_demand
Do you want them to hold onto it forever, never use it or burn them? (Which will lower inflation for usd based economies anyway)