I’m a lawyer in France.Last month, I went to a government office and asked a woman to show me a document to prove I was in France when I was.After a few minutes, she handed me a paper bag full of French government money.It was €1,000 in my name, and the note had been stamped…
Tag: devaluation of currency
Why the U.S. may be paying too much for its currency
The United States may be undervalued, a new analysis suggests, prompting a correction in U.K. inflation forecasts.The Bank of England said on Tuesday it will begin a series of rate cuts in the coming months that will lower the rate it pays on all U.T.E. assets, including the pound, and its currency.The U.N. body has…
How to make sure the dollar remains devalued
The dollar is down more than 25% since President Donald Trump signed a temporary executive order to rein in currency devaluation.The U.S. dollar index was at 112.76 on Monday, down 0.2%.The S&P 500 index was up 0.6%.The dollar index rose by 0.5% to $1.2845, while the S&P 500 was up 2.7%.The Dow Jones Industrial Average…
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