Jan
17
Trump Takes Aim at King Dollar and It Threatens U.S. Equities
ByThe S&P 500 has a friend and a foe in King Dollar.
The greenback is the only major currency whose current strength has coincided with rallies in its domestic equity market, according to Goldman Sachs Group Inc., underscoring the risk for stocks if the dollar’s poor start to the year gathers more steam.
“Recently, the dollar is alone as a major risk-on currency, gauged by looking at the rolling correlation of S&P 500 and USD,” writes a team led by Ian Wright…
Trump Takes Aim at King Dollar and It Threatens U.S. Equities
