Strengthening Dollar puts US market in ideal position for imported seafood
SEAFOODNEWS.COM by Russell Barton - November 21, 2014
Russell is a Market Reporter for Urner Barry who also specializes in analysis of the international currency markets
The rally in the U.S. dollar over the course of the past several months has been evident across most dollar based exchange rates. There are numerous factors that have contributed to this move, which has now extended into multi-year highs.
Major seafood exporting nations have not been immune from the dollar’s strength either. However, with the one exception of Brazil, the depreciation may not be as drastic as some believe. Since May, easily the weakest of these currencies has been the Brazilian Real...
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