These Assets Would Benefit From a Weaker Dollar
By-
Foreign buyers drawn to U.S. denominated assets amid slump
-
Oil, gold moving in opposite direction from greenback
President Donald Trump likes a weaker dollar, and some corners of the market agree.
Though the greenback’s knee-jerk reaction from Trump’s comments Wednesday has all but been reversed, the U.S. currency appears to be entrenched in a new range amid prospects of delayed policy from Washington and a slower pace of interest-rate hikes. The Bloomberg Dollar Spot Index, slumping 4.5 percent since its January high, headed toward its worst week in nearly a month.
For some traders this comes as welcome news. A lower dollar could lend support to sectors and asset classes battered by the 24 percent gain over the past five years. To be sure, many see the recent slump as only temporary thanks to a U.S. economy that remains on solid ground. However, should the greenback face continued weakness, these assets could see a bid…
These Assets Would Benefit From a Weaker Dollar
