Beefy Buck
08/21/2019 |
The US dollar is today very highly valued compared to other currencies and is approaching highs last seen in 2002. In part, it’s because interest rates in the US are higher than elsewhere, and that increases demand for dollars by foreign investors. However, it’s also due to large US budget deficits which have boosted dollar demand by foreigners, and trade tariffs which have reduced US demand for Chinese yuan.