- 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
Categories: Capital Markets