How Dollar Plays into the Stock Market
You need to understand how the dollar plays into the stock market.
The stock market has a lot of companies that deal with business internationally. The U.S. dollar is typically used as a ‘safe haven’ or reserve currency for these international countries.
If their currency begins to go bad, they may stockpile more of our currency – they are always watching the U.S. dollar. Our currency is considered the ‘place to be’ and is very stable.
The U.S. dollar is used as a safe haven to companies that deal with business internationally. As the stock market goes up in terms of a strong dollar, business becomes more expensive and business and pricing exchange becomes more difficult overseas.
#stockmarket #tradingstocks #strongdollar #tradingdollar #stocktrading
Posted at: https://tradersfly.com/blog/why-the-market-hates-a-strong-dollar/
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