Lou Whiteman

Basically, what we're seeing is, you're selling the dollar and looking to other places.

There's just an inverse relation here.

We have from the White House that we're not worried about the dollar going down.

There's not the, quote-unquote, risk, if you're a Forex trader, of intervention here, or at least

There's not the perceived risk.

We'll see how true that ends up being.

There's not the natural buffer on this.

It's important to note here, though, Travis, that so many huge, huge pronouncements are being made about this in the

does impact our purchasing power.

It should mean that our exports are more attractive on foreign markets.

However, there are other geopolitical things going on, tariffs, etc., that could work against that.

So, the fear here is that nothing but downside, a weaker consumer without the benefit in exporting.

That said, global forex is a $10 trillion daily volume market.

Yeah.

But the point being is that it doesn't necessarily take a dramatic all-or-nothing move to move these things.

I think what you're seeing here is just incrementally buyers and sellers from all over the world changing their risk profile just a bit

They're just lessening their dollar reliance a bit.

They're not dumping the dollar.

That is playing out in small portions that add up over time.

If everybody goes from 80% dollar to 75% dollar, the dollar is still king and a weakening dollar.