Economy
September 20, 2017
SMU Currency Analysis: Dollar’s in Freefall
Written by Peter Wright
The value of the U.S. dollar on the international exchange markets has been in freefall since Dec. 12, according to Steel Market Update’s latest analysis of currencies. From Jan. 3 through Sept. 8, 2017, the Broad Index value of the U.S. dollar depreciated by 9.3 percent. The value rebounded by 2.97 percent from Sept. 9 through Dec. 12, but has since fallen back to the Sept. 9 low.
Please see the end of this report for an explanation of data sources. The analysis of currency trends is a highly technical undertaking. Therefore, in this monthly SMU update, we incorporate the opinions of analysts whom we deem credible to add color to our own data analysis.
