And Lithuanian Defence Ministry spokeswoman Asta Galdikaite confirmed America has offered additional military support following Russia’s annexation of Crimea.
She said: “The United States was the first to offer additional safety assurance measures to the Baltic countries following the deterioration of the security situation in the region after the annexation of the Crimea.”
She added: “US Special Operations Forces presence in Lithuania is one of the deterrents” against military threats by Putin’s aggressive regime, reports the Express.
On Wall Street, the rising dollar has been one of the most visible signals of growing optimism in the U.S. economy. For many other countries, it spells trouble.
Most analysts expect the U.S. currency to strengthen in 2017, extending a gain that has boosted the value of the dollar by more than one-third since the U.S. credit downgrade in 2011.
That expectation is mostly because a strengthening economy appears likely to enable the Federal Reserve to enact its plan for multiple rate increases in 2017. Higher rates make it more attractive to hold dollar-denominated assets, attracting money into the U.S.
“Right now, there is an incredible amount of pressure to sell just about every type of currency and buy the dollar,” said Christopher Stanton, chief investment officer at Sunrise Capital LP, which manages $700 million.
Mr. Stanton recently bet that the U.S. currency will appreciate against the Australian dollar, Japanese yen and euro in the next few months.
A stronger dollar raises the buying power of U.S. consumers and businesses by making imported items cheaper and reducing the costs of traveling abroad. By the same token, however, it hurts U.S. exporters by making their goods less competitive overseas, cutting into corporate earnings and potentially weighing on stock prices.
In emerging markets, sustained dollar strength could undercut prices for oil and other dollar-denominated commodities, pressuring developing economies that export raw materials. Emerging-market companies and governments that have borrowed heavily in the U.S. currency will also find their debt more difficult to service.