Financial Times/Barry Eichengreen/7-25-2022
“The dollar has had a spectacular run, having risen more than 10 per cent against other major currencies since the start of the year. Actually, not a few governments and central banks would prefer the adjective ‘disastrous’ to ‘spectacular.’”
USAGOLD note: Eichengreen, a professor of economics at Berkeley, says central banks are finding it in their best interest to prop up their currencies, and the dollar, in turn, will reverse course.
