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Dollar Upside On The Cards Amid Geopolitical Tensions, Cautious Fed And Solid US Economic Data, Says Expert
Thursday, November 21, 2024 - 2:00am | 642Read More...As geopolitical tensions escalate in the Middle East, Ukraine has launched U.K.-made Storm Shadow missiles into Russia and the Kremlin has loosened its policy for using nuclear weapons. However, Russian President Vladimir Putin said he is open to a peace deal brokered by President-elect Donald...
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Marjorie Taylor Greene Says BRICS Nations Are Moving To 'Destroy America's Economy' By Moving Away From The Greenback, But Is The Petro-Dollar Really Dead?
Monday, June 17, 2024 - 12:54am | 607Read More...U.S. Representative Marjorie Taylor Greene has raised alarms about the potential economic consequences for America as she claimed BRICS nations plan to move away from the U.S. dollar. On Wednesday, Greene tweeted that this shift could “destroy America's economy.” What Happened: The...
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Why Is The US Dollar On Fire Despite Fed's Steady Interest Rate Signals?
Tuesday, September 5, 2023 - 1:49pm | 743Read More...The U.S. dollar is currently on an eight-week winning streak, flexing its muscles to reach levels not seen since February 2023. While this surge may suggest imminent rate hikes, the latest Federal Reserve signals and economic data actually tell a different tale. The Dollar Index Takes Off The U.S...
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Dollar Smile Theory Inventor Says Greenback May Decline Another 10-15%
Wednesday, April 5, 2023 - 4:29am | 413Read More...The inventor of the Dollar Smile Theory and CEO at Eurizon SLJ Capital, Stephen Jen, reportedly sees the greenback vulnerable to another 10% to 15% decline in the next year and a half as moderating inflation permits the Federal Reserve to reduce interest rates. What Happened: Jen and his colleague...
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Watch Out, Traders! Dollar Index Breaches Key Level As Greenback Firms On China COVID-19 Worries, Hawkish Fed
Monday, November 21, 2022 - 3:55am | 418Read More...The U.S. dollar commenced the week on a strong note, with the dollar index rising 0.53% to 107.49, boosted by defensive buying as investors weighed in on a spike in COVID-19 cases in China. The dollar index measures the strength of the greenback against a basket of currencies. On Monday, the...
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What Sectors Should Investors Buy And Avoid Given Weak American Dollar?
Thursday, July 20, 2017 - 9:04am | 381Read More...The U.S. dollar has lost 7 percent of its value against a basket of international currencies but this could prove to be a catalyst for certain stocks, Erin Gibbs, a portfolio manager with S&P Global said during a recent "Trading Nation" segment. One of the better-positioned sectors to...
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Atlantic Power Could Be A Sell On Weaker Dollar (AT)
Wednesday, April 13, 2011 - 1:07pm | 163Read More...While the utility sector is often seen as a safe haven in times of trouble, a weaker dollar could wreak havoc on transmission provider Atlantic Power Corporation (NYSE: AT). All the company's power generation and distribution assets are located in the United States. The Canadian Loonies' bull run...
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The Dollar Bearish ETF A Good Bet (UDN)
Tuesday, April 12, 2011 - 6:44pm | 248Read More...Despite the fact that its sees the global economic recovery gaining strength, the IMF released a dour report on the size of the fiscal deficits and stability of the financial markets. The IMF warned “Among the advanced economies, the United States, in particular, needs to adopt measures that would...
