The U.S. Dollar has been taking a beating recently in forex markets (and by "recently" I mean since 2001). More attention than ever has been focused on the growth of the U.S. money supply, both M2 and the monetary base.
However, this focus has not extended to other currencies, as much. The M2 growth of five currencies, the Euro, the Dollar, the Yen, the Renminbi, and the Swiss Franc, is listed below.
- EUR: 2.7% (8.2 trillion to 8.4 trillion)
- USD: 4.6% (8.5 trillion to 8.9 trillion)
- JPY: 1.3% (775.8 trillion to 786.0 trillion)
- CNY: 16.6% (64.9 trillion to 75.8 trillion)
- CHF: 7.8% (.627 trillion to .677 trillion)
Change in USD Exchange Rate:
- EUR: 4.07%
- USD: -.--%
- JPY: 8.94%
- CNY: 3.89%
- CHF: 13.10%
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Additional disclosure: My piggy bank is denominated in USD.