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EUR has negative interest. You pay to deposit money at banks. Yes, EUR has been printing a lot as well.

Also, from my understanding, EURUSD goes up/down mostly based on their difference in interest rates.




If we haven't devalued our USD currency against the EUR because we printed while they also printed, is there a currency that we did devalue ourselves against (or a country that didn't devalue their own currency through printing?)

Does printing always actually equate to devaluation?




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