For just a few weeks in February and March, forex strategists watched what appeared like a managed experiment. As army battle engulfed the Center East, oil ripped from $65 to $112, equities offered off, and the US greenback rallied.
By any textbook studying of the greenback smile, the forex had behaved precisely because the script demanded. Certainly, because the ceasefire took maintain and oil fell again under $100, the greenback resumed its pre-war drift.
Concept holds that the greenback appreciates when US development booms
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