A strong dollar is a positive when traveling abroad as your purchasing power is increased. A weaker dollar does have its advantages, however, as our exports will usually increase creating a stronger economy. Though currently valued at 1.17, the euro jumped above 1.20 in August for the first time in 2 1/2 years as weaker than expected U.S. economic data …
Weak Dollar Helps Emerging Countries – International Update
August 2017 For the first time in a decade the world’s major economies are growing in sync. All 45 countries tracked by the Organization for Economic Cooperation and Development are on track to grow this year, much of the help coming from a lingering low interest rate stimulus from Central Banks. A weakening dollar is providing a boost for U.S. …
The Evolution of Bitcoin – Market Fact
Bitcoin, essentially virtual money traded by digital exchange, has received tremendous media coverage this past month. This “currency” emerged on the market in 2008 designed by a programmer or group of programmers under the name of Nakamoto, whose real identity remains unknown. Bitcoins exist as software, not physical currency, and are not regulated by any country or banking authority. Mined …