Black Monday anniversary
Superdollar Rises Again but This Week’s Bear Market Rally in Stocks Appears Out of Steam
October 19, 2022
The dollar climbed overnight by 0.9% against the euro and Swiss franc, 0.8% relative to sterling, 0.5% versus the Australian dollar, and 0.4% vis-a-vis the offshore Chinese yuan and the Canadian and New Zealand dollars. The weighted DXY dollar index is 0.8% higher. Treasury-compiled capital flow data reported late Tuesday revealed that a net $275.6 […] More
