US Dollar Decline creates New Sector Opportunities to Trade :: The Market Oracle ::
The weakness in the US Dollar, which initiated after the Covid-19 peak in March 2020, has entered an extended downward price trend which is nearing a key support level near 88.33. One key factor related to this trend is a weakness in the US Dollar, which means other foreign currencies become comparatively stronger. This transitional currency valuation phase creates an environment where localized foreign investments may become much more opportunistic than the US stock market/sectors if this US Dollar decline continues. Simply put, foreign investors will suddenly start to ...