2016 – Strengthening of the US Dollar
Last couple of weeks has brought questions from several countries over the strengthening of the US Dollar against their currencies. The most affected on this is Saudi Arabia followed by Hong Kong where the Hong Kong dollar faces a long time low against the US Dollar. In the Asian region, China does a small gain based on how the government had handled the recent down turn. On the other side in the Asian region, Indian rupee weakens against the US dollar with all time historical low. This has a greater impact on the remittance as India being the 2nd country accepting most of the remittances across the world. 2016 is going to give a greater impact on most of the global currencies with strengthening of the US Dollar.