The U.S. dollar, which rallied to a two-month high on Thursday, has the potential to trend up in coming months, according to Sevens Report Research.
The U.S. dollar, which rallied to a two-month high on Thursday, is demonstrating a bullish signal from a technical perspective and has the potential to trend up in the coming months, according to Sevens Report Research.
The greenback’s strength will weigh on equities, starting by the beginning of June, noted Tom Essaye, founder of Sevens. The Dollar Index has been holding above 101, a key support level, according to Essaye. Meanwhile, a downtrend of the dollar starting in October failed to hold since last week, Essaye noted.
The dollar rallied during several, past bear markets for stocks, including the dot.com bubble burst in 2000, the 2007-2008 great financial crisis and the COVID pandemic that began in 2020.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Weather Authority: Chilly start to Thursday ahead of afternoon sun and mild tempsMeteorologist Kathy Orr is tracking a frost advisory in effect as we move into Thursday before afternoon highs shoot back up into the upper 60s for a below-average, but mild day.
Leer más »
Single-Game Ticket Sales for Ohio State’s 2023 Home Football Games Will Start in JuneOhio State will begin selling “Pick 3” mini-plans on June 7 and single-game tickets for its six home games on June 16, with single-game ticket prices ranging from $39 to $308.
Leer más »
Ozone Action Day alert issued for Thursday in San AntonioThursday, May 18, has been declared an Ozone Action Day in San Antonio by The Texas Commission on Environmental Quality.
Leer más »
Buffalo Grove High School will remain closed Thursday as result of fireBuffalo Grove High School will remain closed Thursday as a result of a small fire in the school Tuesday night, Northwest Suburban High School District 214 officials said.
Leer más »
Denver weather: Stormy skies expected Thursday and Friday, rain could be heavy at timesDenver weather: Heavy, scattered rain and thunderstorms are in the metro area forecast Thursday and Friday and the stormy weather could be severe at times in widespread locations. cowx
Leer más »
Mama June's Daughter Pumpkin Slams 'Annoying As F---' Bridal Shower Invite, Second WeddingIn a preview clip for Friday's episode of 'Mama June: Family Crisis,' Lauryn 'Pumpkin' Efird has a heated conversation -- on her end -- with her mom, Mama June Shannon, about having a second wedding and a bridal shower.
Leer más »