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A rising dollar may start weighing on stocks by early June, one analyst says

Por: MarketWatch Business May 20, 2023

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The ICE U.S. Dollar Index , which measures the currency’s strength against a basket of six major rivals, is up about 1.3% over the past month to above 103 on Friday, according to Dow Jones Market Data. It is still down almost 10% from its 53-week high reached in September. “The move higher in the US currency this week is a consequence of both safe-haven flows into the low-risk currencies and receding bets that the Federal Reserve could cut... + full article



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