|
US Currency Exchange - A Likely Road Map for the Greenback |
|
|
|
In the early 80's the Reagan tax cuts expanded the U.S. economy, which led to a very strong US dollar. A stubborn U.S. trade deficit however prompted the engineering of the Plaza Accord that massively devalued the greenback, after the synthetic EUR/USD hit a low of 0.64 in early 1985. It's hard to imagine any central bank or government action could have that kind of impact on the US currency today. In three successive waves the synthetic EUR/USD rallied to 1.46 by 1992.
Posted originally: Wed, 16 Apr 2008 10:41:04 -0500
|
Forex Articles 
