05.12.2014 - Dollar’s Rise Causes Pain Abroad
A surging dollar and falling commodities prices are delivering a windfall to American shoppers and confounding central bankers by widening the gap between the expanding U.S. economy and struggling countries in Europe and Asia. Currencies across the globe are tumbling against the greenback. On Wednesday, the euro dropped to a two-year low of $1.2311, and the yen fell to a seven-year low. The Australian dollar slid and the Malaysian ringgit fell to its lowest in almost five years, having recently suffered its biggest two-day loss since the Asian financial crisis in 1998...............................................Full Article: Source
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