| It was four years ago last week that Brazilian Finance Minister Guido Mantega declared a “currency war” was underway as the U.S. dollar fell amid easy monetary policy from the Federal Reserve. As the likes of Mantega prepare to jet to Washington next week for the International Monetary Fund’s annual meetings, they will likely be much happier about the dollar’s direction.
That’s because the U.S. currency, as measured by the Bloomberg Dollar Spot Index, has gained almost 7 percent since the start of July and is now around its highest in four years. Behind the rise is the U.S. economy’s outperformance against its peers and bets the Fed will be among the first major central banks to raise interest rates...............................................Full Article: Source
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