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The dollar is doing something it hasn’t done in 6 years. Here’s what it means

“The dollar index turned red midday Monday following news that the president’s communications director, Anthony Scaramucci, would leave the administration” writes unknown author for cnbc.com. The dollar index just closed its fifth straight month of losses, its longest monthly losing streak since 2011.For this reason, Morganlander said he wouldn’t be “such a dollar bear at this point.”. That should bring some more life, or breathe some more air, into the U.S. dollar,” Chad Morganlander of Washington Crossing Advisors, said Monday on CNBC’s “Trading Nation.”. The dollar index, which measures the value of the U.S. dollar relative to a basket of foreign currencies (largely the euro), has dipped over 9 percent year to date as the likelihood of President Donald Trump’s pro-growth agenda getting underway has come into question.
 
Source: cnbc.com



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