NYT: A Rising Dollar Lifts the U.S. but Adds to the Crisis Abroad

The headline in the March 9, 2009 national edition of the New York Times said, “A Rising Dollar Lifts the U.S. but Adds to the Crisis Abroad.” The article, by Peter Goodman, illustrates a fundamental action in currency exchange rates. When demand for goods or bonds or securities in one country goes up, that [...]