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The strong dollar is a stock-market drag and poses a threat to earnings growth
The U.S. dollar has been on a nearly unstoppable uptrend since the start of the second quarter, rising in tandem with government bond yields, while equities got the short end of the stick. Now, investors wonder whether a buoyant buck will derail earnings growth. Since the beginning of April, the ICE U.S. Dollar Index (IFUS
X-Y.NYB), a popular gauge of the U.S. currency that measures it against six rivals, is up 3.9%.
https://finance.yahoo.com/m/f5fd910...9be6a0a/the-strong-dollar-is-a.html?.tsrc=rss
The U.S. dollar has been on a nearly unstoppable uptrend since the start of the second quarter, rising in tandem with government bond yields, while equities got the short end of the stick. Now, investors wonder whether a buoyant buck will derail earnings growth. Since the beginning of April, the ICE U.S. Dollar Index (IFUS
X-Y.NYB), a popular gauge of the U.S. currency that measures it against six rivals, is up 3.9%.https://finance.yahoo.com/m/f5fd910...9be6a0a/the-strong-dollar-is-a.html?.tsrc=rss
