Posts Tagged ‘US dollar’

Recent gains for the US dollar

Tuesday, February 9th, 2010

It’s interesting to note that as soon as we see some bad news in Europe, the dollar gains against virtually every currency in the world. The dollar is still considered “safe” (despite the fact that holding onto dollars could have cost you big over the past couple years) because it is the currency backed by the most economic, political, and military power (not necessarily in that order).

This article shows that interest rates (in Korea in this example) effect a currency. Since I’ll be moving US dollars to Korean won for a new apartment in Seoul soon I’m very curious to see what will happen to the won vs. the dollar short term. Obviously I’d like to see the dollar gain…