Wednesday, July 31, 2024

How to Invest in the Dollar 💲

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How to Invest in the Dollar (When it Weakens)

Matt Benjamin, Senior Markets Expert, The Oxford Club

Matt Benjamin

Though many dollar bears predicted a weaker greenback in 2024, it's been a good year for the U.S. currency.

That's despite the fact that a group of nations met a year ago with plans to end the dollar's dominant role in the global economy.

They were unsuccessful - and the dollar is up more than 3% this year as measured by the U.S. Dollar Index, which tracks the U.S. currency against a basket of other nations' currencies.

Just look at this data...

Take Me to the Chart
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