The market impacts of the soaring US dollar
The market impacts of the soaring US dollar. Over the past day, the USD has soared against every major currency around the World. This continues a strong upward trend that the dollar started earlier this week. Investors are moving into the dollar as a safe haven as they are concerned about new global uncertainty. Historically, a rising USD is a problem for the US market as it hurts the exports of large companies. While large companies were willing to tolerate a higher dollar while the market was going up, this could be a big problem now that the market is falling. (VIEW LINK)
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
The Zero Hedge Watch feed provides a summary and link to a selection of articles from the Zero Hedge website
No areas of expertise
Please sign in to comment on this wire.