The chart says it all, really. (Click on it to see it full size.) Of note:
- The US dollar has now lost more than a third of its value (-35%) against a basket of major currencies since Feb 2002
- The decline is accelerating. The USD has shed -12.5% of its value in the last year, -3.5% in the last month, and -1.5% in the last week alone
This is not good news for anyone.
