Classifieds

News Analysis
The U.S. dollar is at 20-year highs—rising by almost 5 percent in September alone and over 19 percent year-to-date. This latest bout of greenback strength is creating chaos for other currencies, including the typically stable Canadian dollar, and primarily reflects financial markets adjusting for the greater likelihood of a recession, according to a foreign exchange strategist.
Greg Anderson, BMO's global head of foreign exchange strategy, told The Epoch Times that what's more pertinent to the U.S. dollar's move higher is that "the risk of a recession has gone from 50 percent to 80 percent" and that the U.S. Federal Reserve is not going to bail out the global economy this time....