-
Why the Sell-off in Stocks Only Hurt the Dollar
It was another rocky day in the foreign exchange market with currencies taking their cue from equities. At the start of the NY session, the greenback traded lower against all of the major currencies but as the day progressed and stocks came off their lows, so did the U.S. dollar. In the past few days, the Dow lost what it earned over a 2-month period and given the magnitude of the moves seen this week, there’s no doubt that sentiment is shifting. Unfortunately the declines can become lasting as investors who fear further losses take profits on positions they have held onto for some time. A lot of money was made in ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Oct 11, 2018 6:15pm Oct 11, 2018 6:15pm
- Guest
- | IP XXX.XXX.127.115
- Comment #2
- Quote
- Oct 11, 2018 8:10pm Oct 11, 2018 8:10pm
- Guest
- | IP XXX.XX.113.166
- Comment #3
- Quote
- Oct 12, 2018 2:36am Oct 12, 2018 2:36am
- conglomerate
- | Commercial Member | Joined Jun 2018 | 528 Comments