Why You Should Keep an Eye on the US Dollar Right Now
New York (Nov 2) The greenback has a big impact on the movement in stocks.
If you haven't noticed, the US dollar has had a nice rally this week. As shown below, the dollar remains in a long-term downtrend, but it has just broken back above its 50-day moving average after a big run-up over the last four days. The last time the dollar got back above its 50-day, it didn't last long, but this is something to keep an eye on in the coming days.