As Energy Drives Currency Fluctuations, The Dollar Rises And The Euro Drops
Rising energy costs have thrown a long shadow over the euro zone’s economy, but have also reinforced the dollar’s safe-haven appeal. On Wednesday, the dollar surged to fresh 20-year highs while the euro fell to new two-decade lows. In June the central bank raised interest rates by an eye-popping 75 basis points, but it had … Read more