US Dollar Weakening May Actually Be Good For US Stocks: Here's How
The US dollar is currently standing at a precarious threshold. The currency is constantly being dubbed volatile, with its foes hammering USD from all sides and frontiers. As the multi-polar currency agenda takes over the world, the US dollar’s positioning is being heavily questioned. However, it might not all be bad, as new Analysis shows how a weak US dollar might be good for US stocks in the long run. Also Read: Bitcoin & Gold Emerge As Top Assets Of 2024: Will The Rally Continue? US Dollar and US Stocks: The Invisible Connection Source: Mint Per a recent post uploaded by Game of Trades, the portal shared how two of the major global indices are declining, which may impact US stocks in the long haul. The portal outlined how the weak US dollar might prove bullish for US stocks, as a weak USD tends to push up companies’ earnings. While elaborating on the process, the portal shared that a fragile US dollar often makes foreign revenues look big. About 70% of S&P stocks consist ...