Nice //
@StonkerLL:Yayayaya papaya//
@koolgal: The strong US Dollar is currently the King of currencies in a world of slowing economic growth and the Ukrainian war.US Dollar is also the global reserve currency. This means that a large amount of US dollars are held by Central Banks and major financial institutions to use for international transactions. With the aggressive stance of the Feds to fight high inflation, rising interest rates will attract more inflows into the US dollar. The US Dollar is also regarded as a safe haven asset with the ongoing Ukraine war. So I believe that the US Dollar will continue to be strong in the short to mid term. It is prudent to hold some US dollar as a hedge against inflation and capital growth.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments