The American dollar has recently strengthened due to the strong economic growth of the United States, the actions of the Federal Reserve System (Fed) to increase interest rates and the influx of capital. As reports Reuters, this was stated by the head of the US Treasury, Janet Yellen.
According to Yellen, the United States believe that currency courses should determine the market. The intervention by the state is usually inappropriate, and the current situation is no exception, the minister is convinced.
Nevertheless, the head of the American Ministry of Finance believes that it was the FRS actions that led to a significant strengthening of the dollar in relation to other currencies. Over the past month, the dollar rose in relation to the euro: at the end of June, the European currency cost about $ 1.05, but by mid -July it fell in price and for the first time since December 2002 reached the dollar – the euro to the dollar dropped to $ 1.