Economy
July 16, 2020
Currency Update for Steel Trading Nations
Written by Peter Wright
The U.S. dollar weakened against 14 of the 16 steel and raw materials trading nation currencies in the last 90 days, which follows the same decline that we reported July 14. The biggest changes were in the value of the Australian dollar, which was up by 11.4 percent, following a 9.3 percent appreciation in our last report. The euro was up by 9.5 percent and the Mexican peso by 9.0 percent. The only currencies to decline against the dollar in the last three months were the Turkish lira and the Ukrainian hryvnia.
