Maybe the U.S. economy, a weakling for the last six years, is finally starting to flex some muscle. We're referring to the return of King Dollar.
For those who haven't been paying attention, the greenback is in the midst of a rally not seen since the 1990s. It's racing past the euro, the yen, and other currencies. Investors worldwide are buying the equivalent of stock in America, Inc.
If the rise in the dollar's valuation is sustainable, it's welcome news for the stock market, for fighting inflation, and for U.S. growth prospects. Ronald Reagan said it best: A strong dollar is a sign of a strong America...
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