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A comment on Why is the stock market rallying when the economy is so bad?. Parent comment

Re:Why is the stock market rallying when the economy is so bad? by myth_drannon on Sunday May 10, 2020 @12:14PM (#23133728)
Australian, South Korean and New Zealand's currencies jumped in value because they handled the pandemic very well and are now very attractive investments.
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Re:Why is the stock market rallying when the economy is so bad? by quag on Sunday May 10, 2020 @12:28PM (#23133865)
As a counter point, the AUD, KRW, and NZD all buy fewer USD today than they did on 2020-01-01.

The three currencies have risen from the big drops on 2020-03-18, but are still worth less than earlier in the year.

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Re:Why is the stock market rallying when the economy is so bad? by chii on Monday May 11, 2020 @02:52AM (#23139523)
The currencies have little to do with the wellness of how the gov't handled the crisis. It has more to do with demand, and theres' just a lot of demand for USD, simply because it is considered a reserve currency, and a lot of people would rather hold it than their own native country's currency.
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Re:Why is the stock market rallying when the economy is so bad? by xuki on Sunday May 10, 2020 @12:35PM (#23133920)
I think that's because during a crisis people flock to USD for safety, now that it seems to be under control, people are selling those USD again.
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