The US Dollar Index is a comparison of the strength of the US Dollar against 6 major currencies: the Britsh Pound sterling, the Euro, the Japanese Yen, the Canadian Dollar, the Swedish Krona, and the Swiss Franc. It was started in March of 1973 shortly after the dismantling of the Bretton-Woods system. When the US Dollar Index initially hit the market, it started trading at 100.000, and has hit highs in the mid 160’s and lows in the low 70’s.
Did you know?: the term “greenback” originated in the 19th century as a colloquialism for the demand notes that Abraham Lincoln was having printed up to finance the Union during the US Civil War. The original note was printed in green and black on one side!
There are many factors that may contribute to a potential coming Dollar Bull run, most notably the potential for turnaround of the American economy. While the injection of billions of dollars into the economy can hurt the US Dollar due to the saturation, one cannot overlook the possible effect it can have on businesses and how they re-allocate their resources to take advantage of the help the government is giving them. Moreover, since the US economy has not been built to support the amount of banks that had existed, it was likely only a matter of time before one saw the US Dollar, the economy, and the consumer index fall as a result. The “Big 3″ automakers also saw sales and production fall, but there is reason to believe a possible recovery for them is in sight. The mortgage lending crises did nothing to exemplify strength in the US economy, but while the banks played, the average American continued to work hard and pay their dues. Thankfully enough, some of the banks that toyed with the finances of the average American with their adjustable rate mortgages are no longer active companies – and this should give everyone from the hardworking to the savvy reason to believe that change is on the horizon.
What does the struggle and effort from the average American have to do with a US Dollar Bull Run in the year to come? What could the possible reasons be for a turnaround in the US economy and the US Dollar? What signs of economic growth and development should you keep an eye out for to know when change may be on the way? Register for our FREE report and find out for yourself – it may just be the information you were looking for!
