Just when we were getting used to the weak dollar, the greenback has hit a little bit of a recovery. According to the FT, it may well last a while. The Economist’s Big Mac index suggests it was overdue anyway.

The dollar’s weakness has been a very big story this year, and one which I’ve followed with keen interest. On one hand, as a fairly frequent traveller, the high euro has made those trips much more expensive. On the other hand, as an attorney who charges fees in dollars, my fees have become more reasonable over the past year, which I suppose should help my business (at the same time making my home market less attractive). The change over the last year is very evident when you look at this chart from indexmundi.
I’m not much of a pop culture …read more