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S&P 500
5,618.26
(
-0.29%
)
US TECH 100
19,236.00
(
2.01%
)
Dow Jones
41,503.10
(
-0.25%
)
Brent Oil
73.87
(
2.05%
)
Bitcoin
62,546.39
(
1.42%
)
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ash111

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ash111

Re: None

Thursday, 08/16/2018 2:28:56 PM

Thursday, August 16, 2018 2:28:56 PM

Post# of 7536
DXY Dollar Index. "higher interest rates increase the value of a country's currency. Higher interest rates tend to attract foreign investment, increasing the demand for and value of the home country's currency".

Read more: Interest and Exchange Rates: How They Impact Currency | Investopedia

we have several rate hikes ( 2 more in 2018) and probably 3 more in 2019. The Dollar will no doubt see much higher price and probably gonna pass 100 by year-end or before. Mentioned it earlier today while DXY been trading around 96.4

My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.

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