Dollar To Philippine Peso After The Downgrade

It has been almost two months since S and P downgraded the USA's credit rating and since the politicians tried to kill it with the debt disaster. Ironically, when S and P downgraded the dollar investors reacted by borrowing money from the US Government.

While I never would have predicted that then it served as a major learning opportunity for me. When the markets are confused as they were after the downgrade, investors turn to the dollar. Why do they do that because the dollar is stability. It is safe and is the backbone of the world economy.

The downgrade was a ploy for publicity and is unforgivable.

So what has the dollar done since then, well it has gone up. There are several reasons for that but it is in part because of the downgrade.  Read More.