The Winner Of 2015 – The US Dollar
Although the US economy has had its ups and downs, the US dollar is still strong. Part of the reason why is how miserable the rest of the world has been doing, but another part is how well the economy has weathered the storm.
In August, when the Chinese devalued their currency, the yuan, it shook global markets for weeks. However, even bigger currency shifts have been happening around the world all year. One of the biggest, the fall of the Russian ruble, has barely made a dent in the world economy. Yet the event was much, much larger.
Falling crude oil and gas prices have decimated the energy-heavy Russian economy.