The almighty dollar...
The dollar has hit a 12-year high against the euro, and it's not going to stop anytime soon. Not when the dollar is in the middle of its biggest rally in almost 40 years, Matt O'Brien reports on washingtonpost.com.
But it's not just the euro that the dollar is rising against. It's pretty much every currency in the world, he wrote.
That's because the U.S. economy is doing well enough that the Federal Reserve is getting ready to raise rates, and the rest of the world is slowing down enough that it's cutting them, according to O'Brien.
For more of O'Brien's interesting report: http://www.washingtonpost.com/blogs/wonkblog/wp/2015/03/17/the-dollar-is-crushing-every-other-currency-and-its-only-going-to-continue/?tid=sm_tw
For a photo gallery about American currency, including a video:
$20 bills being printed at US Bureau of Engraving, Washington, DC
But it's not just the euro that the dollar is rising against. It's pretty much every currency in the world, he wrote.
That's because the U.S. economy is doing well enough that the Federal Reserve is getting ready to raise rates, and the rest of the world is slowing down enough that it's cutting them, according to O'Brien.
For more of O'Brien's interesting report: http://www.washingtonpost.com/blogs/wonkblog/wp/2015/03/17/the-dollar-is-crushing-every-other-currency-and-its-only-going-to-continue/?tid=sm_tw
For a photo gallery about American currency, including a video:
Old $10 buffalo bill
1899 $2 silver certificate
American currency since 1923
Old and beautiful American currency
Deconstructing the US dollar; for a larger view: https://www.pinterest.com/pin/448248969132303884/
Fun facts about the $2 bill and other denominations:
Making a ring out of a dollar bill: https://www.youtube.com/watch?v=nU3qheNL0Dk
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