It’s a great time to have dollars in your pocket. Don’t blow it.
Thanks to weakness in Asia and Europe, central banks around the world have pushed rates below zero percent. Meanwhile, the U.S. dollar has regained its stature as the world’s gilded currency — a trend that doesn’t show any signs of weakness.
The U.S. dollar has strengthened 26% against the euro and 44% against the Japanese yen over the past five years, says Oanda. And the dollar’s rise against currencies in less-developed nations has been even more dramatic, including a 50% rise against the Mexican peso.
