Will the US Dollar Stand Firm Over Wobbling World Currencies?
To those who don’t pay much attention to these things, the soaring dollar must surely be a good thing. But while some experts, particularly traders on a ‘long’ bet are happy, there are analysts who suggest the value of the dollar should come down, believing its current high level, and it’s on a six-month journey skyward, is bad for US business abroad. Both sides of this argument played out recently when the US Federal Reserve again raised interest rates, a policy that is playing a major role in keeping the USD buoyant against other world currencies. The Fed remains steadfast in its refusal to be swayed from its current policy, and not only that but its current chairman Jerome Powell … Read more