(Bloomberg) — The dollar’s weakest quarter in a decade may get even worse as investors respond to the effects that massive American equity-market gains have had on the composition of their portfolios.The Bloomberg dollar index has plunged close to 5% this quarter and is on track for its biggest slide since 2010 as America’s economy shows signs of recovering from its pandemic-induced slump. That more upbeat narrative has helped to underpin a 7% rally in the S&P 500 Index that puts to shame to gains in stocks from Japan to the euro area and Canada — not to mention losses …read more
Source:: Yahoo Finance
