By Mike Golembesky, ElliottWaveTrader.net
The U.S. Dollar (DXY Index) hit a low of 92.55 last week and has since moved up just about 1% off of that low. While not
Read more: US Dollar Is Starting To Bounce, But It Still Has Some Work To Do
As the exuberant Trump White House has been mugged by realities, US dollar is plunging to record lows.
What a difference a year makes! Last November, US dollar hit its 13-year
Read more: Strange fall of the US dollar after initial euphoria
The rupee weakened by 16 paise to 63.79 against the US dollar in early trade on Wednesday as the greenback firmed up overseas amid a lower opening in the domestic
Suddenly currency swings are back in the news again.
After a period of dollar strength, that contributed to record seafood imports of commodities like shrimp and salmon in 2016, the U.S.
Read more: Weakening US dollar sends ripples through seafood imports
U.S. companies most exposed to Europe, such as McDonald's and Activision Blizzard, should benefit from the U.S. dollar's slump, Credit Suisse said.
"We on the Global Equity Strategy team believe that
Read more: Credit Suisse's Garthwaite says dollar entering long bear market, so load up...