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Forex News: Us Dollar 16 June 2017 (44)

Chinese Yuan

This INR / USD Chart lets you see this pair’s currency rate history for up to 10 years! XE uses highly accurate, live mid-market rates. is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, we may receive compensation from our partners for featured placement of their products or services. We may also receive compensation if you click on certain links posted on our site.

Starting in 2012 the Eurozone was in a full on economic downturn, with a number of its participating nations coping with a rising public debt. Growth was at a standstill and combined with a likelihood of deflation, the euro further weakened against the USD. Despite some stability towards the end of the year, the USD still remained higher than it had been at the same time in 2011, finishing at a high of 0.681 EUR.

In other words, China and Russia are shifting away from dollar-based trade, to commerce which will eventually be backstopped by gold, or what is gradually emerging as an Eastern gold standard, one shared between Russia and China, and which may day backstop their respective currencies.
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