- Dec 7, 2018
Oh - and prices were probably set at the worst possible time for UK exchange rates. Blame our Liz
The Chinese sell in US dollars (the set price), whatever is the exchange rate at the time is the UK price, the UK price is not 'set'.
Exchange rates are a two way street, the value of the Euro and the Japanese Yen have also plummeted recently against the US Dollar, because the Dollar is currently very strong.
The U.S. Dollar Index, which measures the greenback against a basket of other currencies, is up more than 17% so far this year.
Nearly every asset class has seen miserable returns in 2022, except for the United States dollar. The dollar has strengthened dramatically over the course of the year as the Federal Reserve hiked interest rates in an effort to quash sky-high inflation. The U.S. Dollar Index, which measures the gr
Can we leave politics and world economics out of this thread please.