The greenback hit rock bottom earlier this year, shedding 10.9% of its value since January. That was brutal for anyone holding cash.
We've seen a bit of a bounce back lately though. The damage is now sitting at 8.7% — still painful, but not quite the bloodbath it was. Classic volatility in the currency markets, and yet another reminder that fiat doesn't just sit there safe and sound.
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FlashLoanPhantom
· 12h ago
The US dollar has dropped so badly, people holding cash probably can't sleep well.
Celebrating after a 2% rebound? Wake up, you're still losing.
Fiat money is just paper; holding it in your hand just means it's depreciating.
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ArbitrageBot
· 12-05 20:08
The US dollar has dropped this much... People who still dare to hold cash now are truly brave.
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Whale_Whisperer
· 12-05 20:04
The US dollar has depreciated again, and people holding cash are really at a disadvantage.
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ImaginaryWhale
· 12-05 19:39
The US dollar has depreciated again, and you're still talking about a rebound? To me, this is just a dead cat bounce.
The greenback hit rock bottom earlier this year, shedding 10.9% of its value since January. That was brutal for anyone holding cash.
We've seen a bit of a bounce back lately though. The damage is now sitting at 8.7% — still painful, but not quite the bloodbath it was. Classic volatility in the currency markets, and yet another reminder that fiat doesn't just sit there safe and sound.