

Despite a selloff in the stocks, the U.S. dollar, traditionally a haven in times of turmoil, is hovering near multi-year lows. It could see even more downside this year for two major reasons: Europe and China. The DXY U.S. dollar index ended January with losses of 3 percent, its worst drop in nearly 2 years, and its third straight month in negative territory.
For all the stimulus from tax cuts, the growth in the U.S. economy is still on par with Europe’s. As the global economy continues to grow, it will only put more pressure on the greenback, one respected currency expert explained to CNBC recently.
“The dollar weakness has a lot to do with the fact that we have strength in the global economy,” Jens Nordvig, founder of Exante Data, told CNBC’s “Futures Now” this week.
Click here for full article on CNBC
Source: https://www.cnbc.com/
more recommended stories
Yucatecan Cooperative receives an award for environmental actions
With a call to defend the.
Construction works affect sales at Merida’s Gastronomic and Tourist Corridor
The works surrounding the Mérida Gastronomic.
A car overturns in the north of Mérida
Traffic events mobilized agents of the.
Government and society join forces on a sterilization day in Progreso
Through the union of efforts between.
Agencies extend alcohol sales hours on Sundays during December in Yucatán
The Ministry of Health of Yucatán.
Digital Classroom inaugurated at the Comprehensive Development Center (CDI) of San José Tzal
The mayor of Mérida, Alejandro Ruz.
Man arrested in Progreso for animal cruelty against a dog named “Max”
The authorities arrested an individual who.
Mérida has hosted more than 180 events this year with the participation of 37,893 people
From November 22 to 24, the.
Mauricio Vila will promote the competitive advantages of Yucatán in the U.S.
With the aim of attracting more.
Claudia Sheinbaum presents a biographical documentary
Mexico City, November 29, 2023.- Claudia.
Leave a Comment