There’s been a massive shift within the central bank world lately. Some have taken baby steps towards exiting cheap money and ultimately raising interest rates, but others have not. We seem to be entering a period where the economies that will be raising rates might see their currencies appreciate against those that won’t. The dollar, pound, kiwi, and loonie could shine, whereas the yen, franc, and euro may fall behind. One year after the world economy almost collapsed, things are looking much better in many countries, so much so that some central banks are ready to take their foot off the accelerator. Tremendous ... (full story)