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While a strengthening dollar has provided relief for US consumers against inflation, if the dollar were to fall against other currencies, this benefit would dissipate and expose Americans to further inflation from increasing import costs.
Most vendors continue to require the U.S. dollar as a primary means of payment, and you generally can't use cryptocurrencies to pay for everyday expenses like rent, mortgage, food, and medical bills. As a result, Bitcoin is still best viewed as a speculative investment rather than a reliable way to receive your paychecks.
The BItcoin hype is back, but it is important to keep in mind that most of the companies investing in Bitcoin are doing so in very small amounts.
Currency exchange rates around the globe are always fluctuating, including our U.S. dollar. Right now the U.S. dollar is “strong.” That’s a good thing for your wallet and the economy, right? Not necessarily. Economists can make a valid argument either way. Take a look at what determines the strength of a currency and the impact it can have.
If your investment portfolio is exposed to economies whose currencies continue to depreciate against the U.S. dollar, the risk in your portfolio can rise. What causes this and what does it mean to you? Anthony explains this growing trend and how to be sure you’re comfortable with the amount of risk in your portfolio.
You’ve planned your dream vacation, but be sure it doesn’t turn into a financial nightmare! With a bit of planning ahead of time, you can ensure your finances are squared away for your trip and avoid any unnecessary interruptions to your cash flow. Read on for our best tips on protecting your money while traveling abroad.
Bitcoin is a daily fixture on the news recently, thanks to its nearly 1,600 percent return this year. But do you really understand what it is? It’s not called a cryptocurrency for nothing. We’ll make it a bit less cryptic for you!
Traveling overseas? Have you thought about how you will get money and spend money while there? Preparation may be both valuable and time saving!
Bitcoin has been in the news due to the largest on-line exchange, Mt. Gox, suspending trading in February 2014 and filing for protection from creditors.