Gross The Sinking Dollar Also Has An Upside
The once almighty dollar isn’t doing a Titanic against just the pound sterling. Currency analyst Ashraf Laidi of CMC Markets in New York notes that the greenback is sitting at a record low against the euro and at a 30-year low against the Canadian dollar. Even the Brazilian real and Argentine peso, the Los Angeles Clippers of currencies, are thriving against the buck. When I asked Laidi where a resident of the world’s most powerful nation might find the dollar retaining some relative value, the line went silent....