Why the U.S. dollar isn't so mighty anymore - News Summed Up

Why the U.S. dollar isn't so mighty anymore


Rate hikes usually boost the dollar's value because they cause more foreign investors to buy American assets. Related: Dollar starts 2018 on the wrong footThat would push up European bond yields and make the euro even more attractive compared with the dollar. So the dollar's "weakness" may be only relative. Related: The dollar's Trump bump has vanishedBut will the dollar's weakness actually hurt the U.S. economy or stock market? Despite the wackiness in Washington, most global investors still view the dollar as the world's most stable reserve currency.


Source: CNN January 15, 2018 16:41 UTC



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