With nations from Canada to Australia to China to Denmark springing
surprise rate cuts on investors in recent weeks, everyone has been in a
race to the bottom, devaluing their currencies to boost exports and
growth. Everyone, that is, except the U.S.
In the past year, the dollar has surged against the currencies of the U.S.'s trading partners. It's up more than 16 percent against the Federal Reserve's trade-weighted index of 26 other currencies, ranging from the euro (which accounts for 16 percent of the basket) to Switzerland (1.73 percent) to Colombia (0.66 percent):
Read more at Click here / www.trade4x.net
In the past year, the dollar has surged against the currencies of the U.S.'s trading partners. It's up more than 16 percent against the Federal Reserve's trade-weighted index of 26 other currencies, ranging from the euro (which accounts for 16 percent of the basket) to Switzerland (1.73 percent) to Colombia (0.66 percent):
Read more at Click here / www.trade4x.net
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