Economy
June 16, 2020
Currency Update for Steel Trading Nations
Written by Peter Wright
The U.S. dollar weakened against 13 of the 16 steel and raw materials trading nation currencies in the last 30 days, which follows a decline against 11 in our previous report. The biggest change was in the value of the Brazilian real, which led the pack of strengthening currencies. Experts suggest that the coronavirus pandemic and demonstrations in the U.S. are putting downward pressure on the dollar in international exchange markets..
