Published by ECR Research
on Jul 9, 2013
Dollar to Become Strongest Currency
Following the 2008 credit crisis, the US economy hovered on the edge of the abyss. The Federal Reserve’s response was to lower its benchmark interest rate to near zero. In addition, it opened the monetary floodgates. This resulted in dollar weakness. Various other economies around the world were also in bad condition and they, too, slashed interest rates...