The US dollar has faced competing pressures, propelled in markets as a result of high-interest rates prompting inflows, yet also declining as belief grows that the Fed is done with its monetary tightening cycle. The dollar’s strength was spurred by aggressive Fed policy which impacted many emerging market currencies, but with the Fed potentially pausing hikes now, some experts see room for recovery in battered currencies like Argentina’s peso.
Argentina faces immense economic hurdles with 143% inflation, negative foreign reserves, and the possibility of a recession. Yet hopes have pinned on newly elected President Javier Milei to lead a turnaround. A key part of his plan is shifting Argentina to use the US dollar as opposed to the peso. By eliminating the peso and adopting the U.S. dollar instead, Milei aims to tame inflation pressures and stabilize Argentina’s economy.
Yahoo Finance’s Jared Blikre breaks down the details of the US dollar, providing insights into global currencies and stock markets that have benefited or been impacted by the dollar.
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Please don’t put all your potential funds into the market because how experience a Fund Manager have, no one can foresee how the market will perform.
Started with a small amount you can afford to lose and then you can contribute more if your investment is growing (increasing)