What countries would make if they sold their Olympic medals at current metal prices
London-based broker ETX Capital ran the numbers and found that the US would make over $1.14 million.
Devaluing currencies should help an economy become more competitive as the price for its exports fall, but the effect is muted.
“While currency devaluation has reduced the relative cost of exports in these countries, it has done little to boost economic output with the largest currency manipulators experiencing only a small uptick in growth,” writes Saxo Capital Markets.
