Countries like China keep their currency artificially low so their exports are relatively cheaper. This allows them to win business against other countries with strong currencies.
It’s also attractive for businesses because wages and other local costs are relatively cheaper in a country with a weak currency.
Some economists say the dollar’s position as the world’s reserve currency has ensured its strength. But that has cost U.S. domestic manufacturing.
NTD asked senior analyst at FX Street Joseph Trevisani why the dollar is rising so much despite all the money printing we’ve seen.
