http://in.reuters.com/article/2015/01/23/usa-economy-jacklew-idINL1N0V211020150123
Monday, January 26, 2015
Strength of U.S Dollar
The U.S dollar seems to be on the uprise. After years with a slow economy, a dollar that was losing strength, the U.S dollar is up 20% against its major trading partners. Is this a sign that the economy is doing well or that other parts of the world are experiencing tough times of their own? One speculation is is that the dollar has seen a rise with the expectation of interests rates rising in 2015. A strong dollar is good sign that America is heading in the right direction.
http://in.reuters.com/article/2015/01/23/usa-economy-jacklew-idINL1N0V211020150123
http://in.reuters.com/article/2015/01/23/usa-economy-jacklew-idINL1N0V211020150123
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3 comments:
I believe the strengthening dollar is a mix of a ton of factors. The first being the worldwide price of oil is dropping and other economies are being effected by this while the US is benefitting greatly from this. It could also be because the US economy is finally starting to realize real gains since the recent economic recession. The stock market although volatile, has been experiencing strong gains.
I agree with Matt, the dollar is strengthening for a mix of factors. Oil is dropping in price worldwide and we are seeing this at the pump today. Our economy is on the uprise, but can we expect this to continue? Yes, things might seem positive right now, but are these economic figures reasonable for us to say this will continue in the long run?
I agree with the previous two comments that the dollar is strengthening from various economic factors as well. This is a great sign for the economy in the U.S. and hopefully the dollar can continue to get stronger. I wonder how the strengthening dollar will affect foreign trade for countries with stronger or weaker currencies than the dollar. In general though this is good to see that the dollar is gaining strength and it will be interesting to see what the EU does to make sure their Euro stays stronger than the dollar.
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