There's a lot of news about the Federal Reserve printing money. I have a hard time imagining the relative change in value of the USD. (or EURO for that matter)
I tried to calculate but it's hard:
The money that is easily perceived as money Money Zero Maturity (MZM: M1, M2 and more) was 16 trillion in 2019 (Ref.: https://www.investopedia.com/terms/m/moneyzeromaturity.asp )
Federal Reserve had raised their balance sheet from 300 billion to +6 trillion since the start of the year. (Ref. 1: https://www.reuters.com/article/us-health-coronavirus-fed-balancesheet/fed-balance-sheet-increases-to-record-6-42-trillion-idUSKBN21Y3JD , Ref 2: https://www.livemint.com/news/world/fed-bets-on-binge-buying-bonds-to-spur-us-economy-11586712851307.html )
The Federal Reserve is buying back federal bonds from banks, they're lending money to states and they just started buying Futures too. I can't easily see where the money is flowing to.
Any ideas? A rough decile/percentile estimate will do.
