Anybody know anything about the money markets?
I've been watching the dollar over the last five years, ever since it was down around US$1.64 to the GBP. Since then it's been getting worse and worse, peaking around the US$2.06 mark just before Christmas.
Now it seems to be improving somewhat, having just reached US$1.96, but I can't figure out why. I don't watch any of the other currencies sufficiently to comment whether it's a fall in the value of the GBP or a spike in the value of the USD as investors realise how cheap it is.
Anyone got any insight?


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