Posted 12/15/2023, 3:06:00 PM
Dollar Slumps as Stocks Surge on Fed Policy Shift and Global Investment Flows
- U.S. dollar has weakened recently following Fed signals of possible easing of aggressive monetary policy
- Dollar downturn while stocks rose significantly, entering a bull market
- Money flowing out of the U.S. into other countries on speculation of lower 2024 U.S. rates
- Correlation seen between EEM (inverted) and DXY dollar index
- EEM has room for further gains, pointing to DXY dropping below 100