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The term superdollar is sometimes used to refer to a period of extreme strength of the Federal Reserve Bank of Minneapolis - The Region - Book Review: The Confidence Game (December 1996)
/ref> This period ended when the G7 countries, concerned about the American trade deficit and the resulting
The term superdollar is sometimes used to refer to a period of extreme strength of the United States dollar
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...
, relative to other currencies, particularly in the 1980s./ref> This period ended when the G7 countries, concerned about the American trade deficit and the resulting
protectionism
Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations ...
, agreed to cooperate in the devaluation of the dollar in the Plaza Accord.
References
Foreign exchange market {{economics-stub