The stunning collapse of Venezuela's bolivar in black market trading this month -- it fell to as low as 423 bolivars per dollar from 279 at the start of the month -- has left Venezuelans scratching their heads, with many wondering why it has sunk below the value of gold and hard currency the central bank has to back it.
MEXICO CITY — Mexican policymakers were unanimous in their decision to keep the key interest rate unchanged at a record low last month, with the majority warning against raising rates before the Federal Reserve.
The euro has already fallen to a 12-year low of $1.06, and should keep falling for at least another year. In fact, it shouldn't be long until the dollar is worth more.
