offshore investments denominated in foreign currencies
Weakening Dollar Makes Some Investments Attractive
The US dollar is on a persistent downward slide. Investopedia notes that the greenback has broken a technical support level and could fall a lot more. The dollar’s plunge is, however, good for other investment opportunities.
The U.S. dollar Index has broken a critical technical support level that could lead to a sharp decline, according to a technical analysis, falling as much as 13 percent from current levels. That retreat promises to boost stocks, oil, gold and affect other asset classes.
This is a dramatic turnaround from a few months ago when U.S. Treasury yields and the dollar jumped following the election […]