2024-04-02 01:41:17 ET
Summary
- The US economy has outperformed the rest of the world, leading to a rising value of the US dollar.
- The US dollar has risen over the past three years or so.
- The dollar's value has increased by almost 10% since the last market low.
- Thus, the market is giving Fed Chairman Powell and the Federal Reserve positive marks for what it has done and exhibits trust in what the future holds.
- So, keep your eye on the value of the U.S. dollar as an indicator of how the market is feeling about Mr. Powell and the Fed.
Over the past three years or so, the U.S. economy has outperformed the rest-of-the-world and the market's recognition of this has been shown in the rising value of the U.S. dollar during this period of time....
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U.S. Dollar Holds Its Value