Previous close | 104.35 |
Open | 104.43 |
Volume |
Day's range | 104.31 - 104.73 |
52-week range | 99.58 - 107.35 |
Avg. volume | 0 |
The S&P 500 has had a remarkable run over the past five months, chalking up a 25% gain. But contrary to feelings that things have risen too quickly, history says that strength begets strength.
When it comes to the US dollar, most Americans generally only care about how many they have in their wallet or perhaps the exchange rate before taking an international trip. But the US dollar serves a huge role in the global economy. Oil, for example, is priced in US dollars. In her new book Paper Soldiers, Bloomberg News reporter Saleha Mohsin examines the ripple effects of the United States' "strong dollar" policy, discussing everything from the policy's impact on the US manufacturing sector to how the dollar has been wielded as a weapon. In an interview with Yahoo Finance, Mohsin explains how Americans "get a layer of safety because we own the world's reserve asset. It gives a bit of a cushioning from external economic risks and headwinds. It also means we can use it as a weapon to protect the country." Watch the video above to hear more from Mohsin, including three threats she says could pose a risk to the US dollar. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.
It might be time to retire the "Magnificent Seven" moniker. Or make a new one of stocks that are actually magnificent.