Moving the dollar by Eric Sharp
ARTICLE SYNOPSIS ...Moving the dollar by Eric Sharp
There's no doubt about it. The U.S. dollar isn't just an important trading vehicle in itself, but its price changes have major effects that ripple into many other markets. In essence, it's a ""dog"" with a tail that wags prominently into the bond, stock and gold markets. The dollar also is a rather misunderstood phenomenon.
From the end of World War II until the early 1970s, the dollar was tied to other major currencies by fixed exchange rate agreements. After it became free-floating, the dollar went through some major ups and downs. Most striking of all is th...