Why a Rising Greenback Signals Global StressIn a conflict with few winners, the US dollar”s resilience stands out. Since the coordinated strikes by the US and Israel on Iran, the greenback has risen modestly—reasserting its role as the world”s default refuge in periods of stress. Below is the…
US Dollar Rally Ahead?Are we about to see a US Dollar Index (DXY) rally sometime over the next few months? If I were to guess - yes. And if that's correct - it's not a tailwind for markets (or earnings). Before I look at the weekly chart - not all participants agree. Bank of America Securities views any strength in the US dollar index (which trades against a basket of six currencies) as short-lived and prefers to fade any greenback rallies. And that is probably accurate in the very short term.
