Behind the Vast Market Rally: A Tumbling Dollar

  • 📰 WSJ
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Investors are ramping up wagers on a falling dollar, believing the surge in coronavirus cases will hamper U.S. business activity and drive even more government spending

The dollar has made a sharp U-turn this summer following a long rally, confounding many traders but potentially adding fuel to this year’s surprising stock-market rebound.

The ICE Dollar Index, which measures the dollar against a basket of other major currencies, in July notched its worst month in nearly a decade and recently hit a two-year low. The fall extended a reversal that began in late March, spurred lately by ballooning worries that mounting coronavirus cases will stall the U.S. economic rebound, even as growth accelerates...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

¿Que pasará con la bolsa? EURUSD will go up? DJ down too

Investors are convinced the left is so committed to failure, they will use any excuse to keep business closed. This has become a repeating story amongst the Never Trump. Perhaps being resoundingly short sighted is not the best way to go. yy:larry_kudlow MadMoneyOnCNBC

Doesn't a weak dollar result in inflation? Perfect storm, a huge stock sell off 11/4, recession, unemployment, weak dollar, no plan.

Remember when orange man was going to “reduce the national debt” 🤡

The US has effectively turned into a state sector driven economy.

International activities of the Latin America states in combating drug trafficking in the XXI century:_______

Thank me later

Australia Australia Latest News, Australia Australia Headlines