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- Common Sense
- Exchanger
Offline - Registered: 2/16/2015
- Posts: 3,256
The surging dollar is a signal that a colossal financial event is just
The surging dollar is a signal that a colossal financial event is just around the corner
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The dollar is set for its strongest quarterly strengthening since 1992, according to Bank of America, a good sign that a rate hike is around the corner.When markets expect that US interest rates will be hiked, it typically strengthens the dollar. That's because people rush to change other currencies into dollars — they can make more money in dollar-denominated investments. The higher demand for the US currency drives its value up.In the past, significant dollar gains against other currencies have pretty much happened only during periods of extreme financial or geopolitical distress.
Last edited by Common Sense (3/13/2015 12:58 pm)
“We hold these truths to be self-evident,” former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”
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