The Dollar is getting stronger, and what does that mean to you?

 

Exchange Money Conversion to Foreign Currency

The Dollar is getting stronger, and what does that mean to you?

Summary:

  • A strong dollar is one that, can be increased for a large or growing amount of foreign currency.
  • Typically, a strong dollar is seen as a good thing because it means American citizens and businesses can get more foreign goods and services for the same amount of money.
  • On Monday, The Dollar Index, a measure of the U.S. currency against its six major trading partners, rose to 82.7742.
  • The dollar has been particularly strong against the Japanese yen, rising 3.8% to 97.90 yen last week — the most since the last week of December 2009.
  • The U.S. currency rose against the majority of its 16 major counterparts
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Categories: Capital Markets

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