Exchange rates – a dry topic? But vitally important to the way we live our lives. Exchange rates affect us all as individuals, and influence the destiny of nations.The basic cause of the turmoil in foreign exchange markets is the United States economy. Once the US was a relatively autarkic economy – in other words, most of what it consumed it produced itself. The US was the world’s greatest manufacturing power.The Big Three carmakers – General Motors, Ford and Chrysler – ruled the US and by exte…
