Economy
July 18, 2019
Currency Update for Steel Trading Nations
Written by Peter Wright
In this report, we examine the change in currency values of the 16 preeminent global steel and iron ore trading nations. The currencies of these 16 don’t necessarily follow the Broad Index value of the U.S. dollar. In fact, at any given time, some are always moving in the opposite direction. The latest value of the Broad Index as published by the Federal Reserve was July 5. In three months prior to that date, the dollar had strengthened by 1.8 percent and had weakened by 0.5 percent in the previous 30 days.
