MACRO
Surging Dollar Stirs Markets Buzz of a 1980s-Style Plaza Accord
The dollar's skyrocketing rise has some contemplating a rare, if not unthinkable, action: major nations agreeing to manipulate the US currency until it falls.
It has happened before -- most notably with 1985’s Plaza Accord -- which took place against a backdrop of soaring inflation, an aggressive Federal Reserve rate-hike campaign an...