March 16, 2015

MARKETS VS THE RIGHT:

This is the U.S. dollar's fastest rise in 40 years (Patrick Gillespie, 3/16/15, CNNMoneyI)

America's greenback is enjoying its fastest rise in 40 years, according to Citibank (C). Over the past eight months, the U.S. dollar has strengthened dramatically against all the world's other major currencies.

Don't expect that to change any time soon. Since the start of 2015 alone, it's gone up in value about 14%, according to Bank of America (BAC) Merrill Lynch.

Why the jump? The dollar's rise is a direct result of America's strong economy while other parts of the world struggle. 

Posted by at March 16, 2015 1:33 PM
  

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