mercredi 11 mars 2015
The dollar is crushing other currencies
Posted on 14:52 by nice news
In the global currency cage match, the dollar is as unstoppable as undefeated UFC champ Ronda Rousey.
The greenback is trading at a 12-year high against the euro and 8-year high versus the Japanese yen. This strength is, in many respects, a sign that the economy in the United States is much healthier than Europe, Japan and many other parts of the world.
It is great news for Americans looking to travel overseas anytime soon. It's possible that the euro could reach parity with the dollar in the not-so-distant future. One euro is currently worth about $1.07.
The surging dollar also helps make the price of imported goods cheaper in the U.S. Looking for a Japanese car or handbag from Italy? Now might be a good time to start shopping.
But investors are taking the opposite approach to the strong dollar. They are selling stocks as fast as they can. The market was tanking on Tuesday.
The greenback is trading at a 12-year high against the euro and 8-year high versus the Japanese yen. This strength is, in many respects, a sign that the economy in the United States is much healthier than Europe, Japan and many other parts of the world.
It is great news for Americans looking to travel overseas anytime soon. It's possible that the euro could reach parity with the dollar in the not-so-distant future. One euro is currently worth about $1.07.
The surging dollar also helps make the price of imported goods cheaper in the U.S. Looking for a Japanese car or handbag from Italy? Now might be a good time to start shopping.
But investors are taking the opposite approach to the strong dollar. They are selling stocks as fast as they can. The market was tanking on Tuesday.
The dollar is crushing other currencies
Categories: The dollar is crushing other currencies
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