Topic: Stock Trading News – Relationship over? Dollar, stocks break up – The Associated Press
NEW YORK — The relationship between the dollar and stocks that helped define last year’s stock market rally is over. The weak dollar was a boon for the stock market as investors were eager to get money out of low-yielding U. For companies that rely heavily on exports, their earnings translate into more dollars when they bring their revenues home if the dollar is weak against other currencies. The dollar is regaining ground against other currencies partly because of concerns about debt burdens in Greece, Spain, Portugal and Ireland, which could undermine Europe’s shared currency, the euro. That has helped lift the dollar against other currencies as investors anticipate that U. During that same stretch the ICE Futures US dollar index, which measures the dollar against six other currencies, fell 2. read more
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