doesn t: That's because while the strong dollar has a lot of effects, its cause, at least right now, is that investors around the world are skittish, according to Market Watch. Normally when the greenback gets this strong, something gives, and other currencies start to strengthen, observed Nicholas Colas, co-founder of Data Trek Research. Even investors who don't trade currencies should pay attention to the strength of the U.S. dollar, according to a note out Monday. If they don't, it means something is very different this time around. The currency measure Colas prefers is called the Trade Weighted U.S. Dollar Index Broad, Goods, and it's hovering around all-time highs although data only goes back to the mid-1990s. And different' in this case probably doesn't mean good' when it comes to investor risk appetites, he said.
(news.financializer.com). As
reported in the news.
Tagged under doesn t, dollar topics.