Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 14 hours agoEmpty rooms and Fifa cancellations - US hotels fear World Cup washoutwww.bbc.comexternal-linkmessage-square96fedilinkarrow-up1461arrow-down12
arrow-up1459arrow-down1external-linkEmpty rooms and Fifa cancellations - US hotels fear World Cup washoutwww.bbc.comLee Duna@lemmy.nz to World News@lemmy.worldEnglish · 14 hours agomessage-square96fedilink
minus-squareMs. ArmoredThirteen@lemmy.ziplinkfedilinkEnglisharrow-up8·5 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-up3·3 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.
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.