Foreign investors have helped buoy US growth and avoid a dollar depreciation
The likelihood of a dollar crisis seems to be increasingly remote. According to economic indicators published recently, manufacturing activity is likely to have remained strong in January. In the Beige Book, the Federal Reserve deems economic conditions to be good - and even up - since early December when the Book was last published. Foreign investors have not been insensitive to the vigour of US growth. This growth has been driven by domestic demand and confirms that US businesses are in good shape and posting strong profits. Financial transactions between the US and the rest of the wor...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes