But the trend of the euro and the pound will not necessarily go up. Because the United States is their largest foreign trade country and exporter after all, the negative impact of the US economic downturn on them is obvious. As for the so-called rise, it's just that the dollar is too weak relative to the dollar. Based on the dollar, most currencies are higher.
There are three ways to really know whether the currency itself has appreciated: one is to compare it with the currencies of countries affected by the crisis, not the US dollar. Second, compared with gold, the price of gold has risen sharply recently, and the slow rate of currency appreciation will also be a disguised depreciation. Third, referring to the national budget, final accounts, national income and other economic conditions, if it develops well, the currency will always appreciate relative to the worldwide recession.
There are many active factors in the resource futures market. The financial crisis has led to stock market turmoil, and the relocation of investors is only one of the reasons. The dynamics of the Organization of Petroleum Exporting Countries, the exploitation of gold and crude oil, the construction of pipelines, the economic situation and policy orientation of exporting countries all have great influence.
In fact, if the dollar really continues to fall, the activity of the resource futures market is likely to have a huge crisis like the stock market, which requires caution.