The U.S. dollar has been on a tear following the Federal Reserve's apparent commitment to higher-for-longer interest rates. While economies and stock markets around the globe are likely to come under pressure in such a scenario, a raft of European stocks could actually gain from the rising U.S. dollar, according to the Bank of America. The U.S.
These Europe Stoxx 600 stocks reported 2022 revenue exposure to the U.S. or North American region in excess of 20%, Strzelinska said. They also had a "significant and positive slope from regression [against] the U.S. dollar index." "Over the past five years, Low Risk stocks, Energy and Norway have tended to outperform the most when the DXY index has been rising," she added. U.K.
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