Saturday, February 7, 2015

The US Dollar Has Strengthened Against The World's Currencies

This article describes the strength of the dollar versus a sample of the world's currencies.  The strong dollar makes US imports from other countries cheaper and it increases the price of US exports.  The US trade deficit in December was $46 billion.  The trade deficit has been a major factor in restraining US GDP growth. The Fed is poised to increase US interest rates this summer.  That will push the value of the dollar even higher.

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