[sgbuffett]

One might think the profligate spending and money printing will steadily cause a decline in US$.

For last 30yrs US$ fell from S$1.66  to $1.36. A 0.7% decline per year since 1991....a rather slow motion decline given the US expanded money supply by 20% since pandemic...printed during financial crisis ...we would think us$ and s$ should be 1 for 1 by now.

Strangely US$ has started rising again.

This type of movement causes selling pressure of stocks due to numerous leverage instruments and debts etc causing a mish mesh of relationships that causes resulting selling of stocks in emerging and Asian markets. But it is relevant only in short term.