U.S. Dollar Rises at Fastest Rate in 40 Years
Although the U.S. dollar has become incredibly strong once again, CNN is reporting that no one in the industry really expected its value to shoot up quite so quickly.
Still, Citibank revealed on Monday that, over the last eight months, the U.S. dollar has strengthened so drastically that it is now enjoying its fastest rise in 40 years.
And to top it off, Bank of America Merrill Lynch does not expect the value of the dollar to drop back down any time soon.
Image via flickr/ Sami Keinänen