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The US dollar is exploding at a probably unprecedented rate

Andy KierszMar 15, 2015, 22:48 IST

Citi global head of G10 foreign exchange Steven Englander blasted out an email on Friday observing that the current rise in the value of the dollar has come about at a faster rate than at any point since the modern system of currency exchanges came to be, and that the dollar's meteoric strengthening may still continue. From Englander's email:

To illustrate the historic nature of the dollar's recent rise, Englander included this chart, showing the percent change in the dollar's trade-weighted exchange rate over the last 175 trading days going back to the mid-seventies. The rate at which the dollar has been strengthening is higher than at any other point:

Citi Research

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