Why the U.S. Dollar is Rising – And Why It's Still Doomed
Many have wondered - and rightly so - why the U.S. dollar is rising even though the U.S.Federal Reserve has done just about everything possible to debase the currency over the past five years.
Over the past two years, the U.S. Dollar index, which measures the dollar against a basket of major world currencies, is up by more than 12.6%.
Part of the answer is that most of the world's other central banks have pursued easy money policies similar to the Fed's. In the so-called "currency wars," the U.S. dollar has one major built-in advantage.
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