At the end of Wednesday the dollar ended at its highest value of $1.05 against the euro in 12 years. This isn’t the end either, according to analyst the dollar could very well become even more valuable in the coming days. Bloomberg explains just why the dollar is rising at the rate it does in the video below.
While some companies are less than pleased with the strengthening dollar due to its negative effect on sales abroad, others groups like consumers and travelers are benefiting from the stronger dollar. The Washington Post reports, “The unexpected surge has led economists to reduce their expectations for U.S. economic growth this spring; this week, it pushed markets into negative territory for the year.” While, CNNMoney releases this video directed at the shift for consumers.