In the early 80's the Reagan tax cuts expanded the U.S. economy, which led any very strong US dollar. A stubborn U.S. trade deficit however prompted the engineering of the Plaza Accord that massively devalued the greenback, after the synthetic EUR/USD hit a low of 0.64 in early 1985. It's in order to find imagine any central bank or government action could have that kind of impact the US currency today. In three successive waves the synthetic EUR/USD rallied to 1.46 by 1992.
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