It's all about trust in a stable U.S. economy.
Pick a currency, any currency. Chances are, it gained against the U.S. dollar last month.
The weakened currency means imports get more expensive, but U.S. goods and services sold overseas become more affordable.
There are pros and cons to a strong dollar.
From presidential tweets to corporate earnings reports, the U.S. dollar has been getting a lot of mentions recently.
Russian officials were in Turkey on Tuesday, talking with the government there about possible solutions for Turkey’s currency crisis. Both countries are also facing U.S. sanctions, so one idea they floated: Stick to their own national currencies for trade and avoid using the dollar at all. On top of that, Russian Foreign Minister Sergey Lavrov echoed […]
The trade story of the day is actually more of a currency story. As you know, the Trump administration has proposed another round of tariffs on some $200 billion worth of Chinese products — ranging from tobacco to dog food to plywood. Now, the president is threatening to more than double the size of that tariff […]