US Dollar A dollar for your thoughts

Last week wasn’t a bad one for the dollar in the markets. The dollar index, which measures the US currency’s value against six trading partners, rose by 0.5%. But that still leaves it down 7% since August. The news from Riyadh, Cape Town, Washington, and Luxembourg all points to further declines. At the Opec summit in Riyadh, only Venezuela and Iran – countries with grudges against the US – were willing to call publically for non-dollar oil prices. But the Saudi hosts are wavering. The foreign m...