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RSS FeedsThe biggest surprise in markets this year is the mighty US dollar
(WorldNews Turkey)

 
 

16 august 2018 12:33:33

 
The biggest surprise in markets this year is the mighty US dollar
(WorldNews Turkey)
 


Last year was the worst for the US dollar since 2003. The greenback fell almost 10% against a basket of major trading partners, and analysts expected the decline to continue in 2018. The thinking was that tax cuts hadn´t done much to buoy the currency at the end of the year, and other major central banks in Europe and Japan would start raising rates to close the gap with the US. If the dollar was going to appreciate it would only be a little at the start of the year, before resuming its downward trajectory. Goldman Sachs predicted a `soggy dollar,` while UBS, Lombard Odier, and Société Générale all forecast a decline against the euro. It hasn´t played out that way. The dollar currently sits...


 
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