Investor portfolios are feeling the pain as world currencies fall to multi-year lows. The Wall Street Journal reports, “The Chinese yuan recently hit its lowest level in more than a decade against the dollar, the euro dropped to a fresh two-year low last week and the British pound is at depths it hasn’t consistently plumbed since the 1980s.” These declines come after central banks started lowering interest rates earlier this year in response to fears of economic slowdown and the effects of increasing trade tensions between the U.S. and China.
As global interest rates