|Bid||24.96 x 2200|
|Ask||24.97 x 34100|
|Day's Range||24.96 - 25.05|
|52 Week Range||24.64 - 28.90|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-2.79%|
|Beta (5Y Monthly)||-0.85|
|Expense Ratio (net)||0.75%|
There is a hidden string that ties currencies to crude oil. This correlation persists for many reasons, including resource distribution, the balance of trade (BOT), and market psychology. Also, there is crude oil’s significant contribution to inflationary and deflationary pressures that intensifies these interrelationships during strongly trending periods—both to the upside and to the downside.
There is $250 trillion of debt in the world, much of it denominated in dollars and much of that held outside the US, observes Michael Murphy, editor of New World Investor.
While a strong U.S. dollar benefits some, it negatively impacts others. These are the advantages and disadvantages of a strong U.S. dollar, and who gains and loses.