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Most people have never heard of the Plaza Accord.
In 1985, five governments secretly met at a New York hotel and agreed to push the dollar down — because it had gotten too strong for the rest of the world to handle.
Today, the dollar is rising again. The yen is near danger territory.
Different year. Same pressure gauge.
Follow for more forgotten finance stories that explain today's markets.
#FinanceHistory #ForgottenFinance #PlazaAccord #PlazaAccord1985 #DollarIndex #StrongDollar #CurrencyMarkets #FederalReserve #EconomicHistory #Yen
By Forgotten Finance StoryMost people have never heard of the Plaza Accord.
In 1985, five governments secretly met at a New York hotel and agreed to push the dollar down — because it had gotten too strong for the rest of the world to handle.
Today, the dollar is rising again. The yen is near danger territory.
Different year. Same pressure gauge.
Follow for more forgotten finance stories that explain today's markets.
#FinanceHistory #ForgottenFinance #PlazaAccord #PlazaAccord1985 #DollarIndex #StrongDollar #CurrencyMarkets #FederalReserve #EconomicHistory #Yen