The Dollar Usually Smiles in Recessions, but Maybe Not Next Time

The dollar smile is a neat theory that says the greenback should do well when the economy is very strong, because then U.S.

assets attract foreign money, or when the economy is very weak, because fear drives a flight to the safety of the dollar. Plot a chart of the dollar against the economy and it looks like a smile, as Morgan Stanley strategists pointed out in 2001.

So wouldn't that be a nice recession hedge? CheaperExports MoreTourists

At rapid speed hackers are attacking and braking into exchanges to steal what ever they can. Be smart buy best Ledger Nano X hardware wallet on the market at discounted price

The USD strength seems to stem from the crowding out effect of the US deficit and the resulting global USD funding shortfall for payment and settlement, alongside the continued oil-peg.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian dollar tumbles to 3 1/2 -month low as central bank cuts growth forecastThe Canadian dollar on Wednesday fell as much as 0.7% after the Bank of Canada, as expected, left interest rates unchanged, but abandoned its mild tightening...
Source: MarketWatch - 🏆 3. / 97 Read more »