What is causing the dollar to rise?
Answers
142 points
zachmckinney answered 3 months ago …
The recent fall in oil and rise in US stocks have prompted investors to take on more US equities. The combination of these two are some of the factors that are causing the dollar to rise.
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493 points
warren answered 3 months ago …
Manpulation. The US government admitted they have manipulated or propped up the dollar. And as everyone know the currencies are the most technical of all trades, and the USD set off a huge buy signal. So manipulated, or managed to set off the buysignal, the rest was taken care of by the mindless black box hedge fund trading systems. The same just happenned in reverse with gold and silver setting off sell signals and stops which have cascaded the prices lower when $850 and $16.50 were broken to the downside.
The drop in oil was caused by a strong dollar. Not the other way around. If the dollar was strong oil would be cheap that's all there is to it. The only way a strong dollar will be seen is in the written records of Hank and Benny's testimonies and speaches when we look back at history, the dollar is doomed.
Warren
www.preciousmetalstockreview.com
176 points
musti answered 3 months ago …
The economic forecast for the euro zone for the coming six months has been revised downwards whereas the US economy looks more stable than expected. At the same time, the dollar is seen as undervalued. (As can also be derived from the famous "Big Mac index").
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2703 points
MNSL answered 3 months ago …
The dollar has ``bottomed'' against the euro, top investment Group Inc. said in a research note citing following reasons:
Weakening global growth,
Declining oil prices and
An improved U.S. trade balance.
116 points
078308674 answered 3 months ago …
The Euro and pound are currently falling vs the dollar because the European and British economies are weaker now than the US and are forecasted to remain so for a while. Therefore the surge in the dollar.
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