Dollar movement after U.S. presidential changes
The Dollar in Years When a New President Is Inaugurated
January 17, 2017
In February 1973, the second dollar devaluation in 14 months failed to stem heavy speculative downward pressure on the U.S. currency. Just a couple of weeks later, fixed exchange rates imposed by rigidly automatic central bank intervention were ended against the currencies of other advanced economies. A new system of floating exchange rates was born, […] More
