By Md S Hoque
The U.S. Dollar had a strong year in 2015. The U.S.'s improving economy and steady job growth, as well as the December interest rate hike by the Federal Reserve, helped the greenback gain in value.
The same wasn't true for the world's other major dollars: The Canadian, Australian, and New Zealand dollars. Thanks to sagging commodity prices, as well as the Chinese downturn, these currencies declined in value compared to the USD. In Canada, for instance, the Canadian central bank cut interest rates twice in 2015 in an attempt to boost crude exports. Yet, the effects of Canada's strategies have yet to be seen, as the CAD hasn't [...]
