Contrary to what you may have heard, the U.S. dollar is actually been thriving as of late. After seeing a relative decline in the last year, its now experiencing a surprising uptick, giving hope to Americans who were losing faith in their country’s economy.
In fact, the U.S. dollar has been doing so well lately that it’s closer to the Euro than it’s been in the last decades. For the last 20 or so years, Europe has held an upper hand in the currency department, but now America is keeping the country on its toes.
But it’s not just Europe that needs to watch its back. It turns out that the Japanese Yen is down a whopping 20% when matched up against the U.S. dollar in the last year alone. This is something that’s virtually unprecedented in the modern age of finance.
But this is nothing compared to the polarizing difference of Bitcoin. The Cryptocurrency giant, after enjoying years of meteoric success, has found itself crashing 70% again the dollar since its record high in November.
This is all very good news for Americans that are traveling abroad or looking to go on major shopping sprees. However, it’s not so great for investors in global markets, who will now be looking to recover from this major change.