Recap August 9: Collapse of dollar in July – Record Highs Nasdaq (Recap Ep083)

In this week’s recap, we found the rise in the global markets, with the US Nasdaq adding the 7th record close, as investors further embraced corporate earnings that surprised to the upside. Investors worry the U.S. government’s response to the pandemic is taking the dollar down, in its worst monthly performance in a decade in July. The recent stimulus is accelerating what has so far been a slow erosion in USD status as the world’s dominant reserve currency. Rock-bottom U.S. interest rates [...]