Two and a half years ago I had written an article for this publication entitled “The USD – why is it so High?”
Yet here we are in 2015 and the situation hasn’t changed; in fact it gotten much worse. There is a race to the bottom in terms of currencies and no one wants a higher value of their domestic currency as that means higher prices in the global market and a downturn in the sales of products those respective countries produce. Need proof of this? Take a look at what’s happening in China right now. The bigger question is why is this? We’ll attempt to explain.
Read the rest of the article A Race to the Bottom