Economy
December 28, 2016
Currency Update for Steel Trading Nations
Written by Peter Wright
Please see the end of this report for an explanation of data sources. The Broad Index value of the US $ is reported several days in arrears by the Federal Reserve, the latest value published was dated December 16th, Figure 1. The dollar as of that date was stronger than at any time since April 17th 2002, driven by the Fed’s increase in its target short-term interest rate on the 14th of December to 50-75 basis points.
