I will be adding some specific articles over the next couple of months that will focus on #Financial Health, #US Dollar #Gold #Silver #Cryptocurrency #Investments #stockmarket #Unemployment & more
This article is specific to the US Dollar
The US dollar – the most important currency in the world – is on the slide. And that's good news for the stockmarket rally. John Stepek looks at what could derail things.
As we’ve said many times before in Money Morning, the US dollar is one of the most important – if not the most important – prices in the world.
Right now, the US dollar is on the slide. That’s good news, for reasons we’ll reiterate in a moment. A falling US dollar keeps the “reflation” trade intact and means asset prices are likely to keep rising.
So what – if anything – could derail this?
Here’s why the US dollar matters so much
Why is the US dollar so important? It’s because everyone needs US dollars. Close to 90% of all currency trading in the world involves the US dollar. Any widely traded good or commodity you care to mention is primarily priced in US dollars.
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