American economy is continuing to beat expectations, especially
relative to the performance of many economies around the globe. And
that's sending the U.S. dollar surging.
Tuesday, the Commerce Department announced that in the third quarter,
gross domestic product rose at a seasonally adjusted annual rate of
5.0 percent, nicely above the earlier estimate of 3.9 percent.
Consequently, the U.S.
which compares the U.S. dollar to a basket of six currencies, jumped
to the highest level since April 2006 on Tuesday.
Germany’s economy getting too weak to pull Europe out of its
20th 2014, 13:38
From the print edition
world cannot afford a European lost decade,” says Jacob Lew,
America’s treasury secretary. The latest European figures were
uninspiring. In the third quarter the euro zone grew by just 0.6% at
an annualised rate.