DCHF - Currency Market Reflects Global Economic Stability
A periodic review of the world’s leading currencies can be instructive for equity investors as well as currency traders, for it tends to reveal what the market thinks about the intermediate-term (3-9 month) global economic outlook. The turmoil experienced by the emerging markets in 2018 was indeed adequately reflected in the strength of the U.S. dollar and the corresponding weakness in other major currencies. With that in mind, we’ll take a look at the leading currencies in today’s report as we review the major trends. As I’ll argue here, the overall “big picture” message of