Since the beginning of the year, the dollar has increased by 22% against the yen, 13% against the euro, and 6% against currencies from emerging markets, reaching its highest level since 2000. Given the dominance of the dollar in international trade and finance, a sharp strengthening of the dollar in a matter of months has …
Looking Behind The Curtains: How Did The USD Soar So High?
“The strength of a nation’s currency is based on the strength of that nation’s economy” (former President Richard Nixon.) Though Tricky Dick might not have been right about many things, the current rise in power of the American Dollar definitely seems to reinforce his views. The USD never truly lost its appeal in the international …