by Peter Schiff, Schiff Gold:
In the past three months, the U.S. Dollar Index (DXY) has fallen from 108 to below 99. This means the dollar has dropped in value relative to major foreign currencies by over 8% in just the past quarter. This is disastrous for those holding large amounts of uninvested cash. In just a short period, the value of these savings has taken a significant hit. But why has the dollar’s value fallen so much?