Politics0 min ago
the pound and dollar
6 Answers
I know recently the US Dollar has slipped, but I always used to wonder why in the previous years the pound was always stronger than the dollar. It doesn't make sense when the US is much more wealthy and has a bigger economy. Any quick answers?
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Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.I'm not sure unemployment rates have much effect on currency markets; and the US economy is certainly not in a slump. But it does have a tremendously high trade deficit with the rest of the world, and also its interest rates have been low for a long time, though are currently being raised. I think it these latter factors that have depressed the Dollar in recent years.
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