no its not...because its just movement of money. thats being printed all over the world. usa did print more, but they could make it back. some of the other countries dont have that luxury.
FX market remains prisoner to the vaccination race
The dynamics in the FX market have changed this year. The speed of vaccinations has turned into the most powerful element driving currency moves, as investors recalibrate their expectations for economic growth and the timeline of central bank rate increases. Britain and America have done better than Europe and Japan so far, though Europe seems to be closing the gap. Overall, the prospects for the dollar seem bright, but the same cannot be said for the yen. Just over a year ago, global markets were staring into a dark abyss. Entire nations had been locked down, an unemployment apocalypse was raging, and fear was king. ... (full story)