Falling dollar gives US stocks new impetus – Financial Times

Falling dollar gives US stocks new impetus – Financial Times

A weakened dollar adds further support to US stocks and attracts foreign investors as the market hits record highs.

The dollar surged when the pandemic first rocked financial markets in March, as investors sought safe pensions and businesses stored cash to survive the crisis, but it has since fallen as the threat of an American economic recovery was growing.

Since March 20, the dollar index,…

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