The market impacts of the soaring US dollar
Zero Hedge Watch
Zero Hedge
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)
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