Economy
October 15, 2020
Currency Update for Steel Trading Nations
Written by Peter Wright
The U.S. dollar weakened against 10 of the 16 steel and raw materials trading nation currencies in the last 30 days and against 12 in the last 90 days, which is similar to the declines we reported in our September update. The biggest changes in the last 90 days were in the value of the Russian ruble, down 8.0 percent, and the Turkish lira, down 12.9 percent. The Mexican peso was up 5.9 percent. These trends continued at the 30-day level.
