Is it worth trying to gauge the long-term trend in the U.S. dollar based on the trend in U.S. stocks?There is a persistent belief among many forex traders that trends in various global markets have a profound influence on the trends in currencies. The faith in inter-market correlations is strong because of the constant rumination of this idea in the financial press. Hardly a day goes by without somebody saying something like: ’Higher oil prices sent the U.S. dollar down today, as rising energy costs are feared to slow down the U.S. economy.’ Or, ’The dollar gained today[...]
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[Source: The Money Blogs]
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