Stocks and dollar slide as Trump's Fed attacks jangle nerves

[DFW]

8. The dollar is getting whacked on the forex markets.

I sorta predicted this, but not this far nor this fast.

Since I am paid in Dollars but live in Euros (and am taxed at about 73%), this makes a huge difference to me. A 10% drop in the dollar against the euro is a de facto 10% cut in my take-home pay. Every now and then, since my wife an I both hate credit cards, I will buy some Euros to have spending money for the next several months. Since I knew Trump would be a disaster, I bought €10,000 in February, way more than I usually buy as an advance. They cost me $10,290. Today, those same €10,000 euros would have cost me about $11,560, or about $1300 more--for the same amount of Euros barely two months later

Meanwhile, the price of gold is scratching $3400 per troy ounce. I'm sure glad I don't operate a retail jewelry store these days. I wouldn't want to have to be telling people that the wedding ring they quoted the past week is now $30 more expensive because they didn't confirm at the time. It sounds like a nasty rip-off tactic, when it is nothing but following the market movement like a gas station.