The resurgence of the US currency could be the first promising step in steering the world economy away from crisis
The US dollar is on the move. In the last four months
alone, it has soared by more than 7% compared with a basket of more than
a dozen global currencies, and by even more against the euro and the
Japanese yen. This dollar rally, the result of genuine economic progress
and divergent policy developments, could contribute to the
“rebalancing” that has long eluded the world economy. But that outcome
is far from guaranteed, especially given the related risks of financial
instability... (Read more)
