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Don’t look for a stock market bottom until a soaring dollar cools down. Here’s why.

Por: MarketWatch Business September 24, 2022

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See: After the Fed raised its key policy rate by 75 basis points on Wednesday, currencies such as the euro , British pound and Japanese yen further plunged, while the U.S. dollar Index on Friday rose to its loftiest level since 2002 and since March 2020. The pound against dollars on Friday, while euro dropped below $0.98 for the first time. The en tanked to a fresh 24-year low, before Japan to prop up the currency’s value, the first time since... + full article



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