WASHGINTON – The United States Dollar is getting stronger.
The dollar’s value around the world has surged, up 7-percent since hitting it’s lowest point of the year so far on March 9. That means it is viewed as the world’s safest and most stable currency.
However, strong demand from other countries has created a liquidity crunch, or in other words, a dollar shortage.
The federal reserve in turn is rolling out new loans with a growing number of central banks.
Starting Monday, the reserve will let those loans, known as ‘dollar swaps’ take place with key central banks on a daily basis, not the usual weekly basis, until the end of April.
Leave a Reply