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The Water Cooler
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Imminent Stock Market Dump
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<blockquote data-quote="SlugSlinger" data-source="post: 3817562" data-attributes="member: 7248"><p>The value of the dollar as compared to world currencies. When it goes up like it is, it could kill other country's economies. Like I mentioned, other countries borrow in dollars. When the dollar goes up as compared to their home currency, paying back the dollars is much more expensive.</p><p></p><p></p><p></p><p>The ICE U.S. Dollar Index (USDX) futures contract is a leading benchmark for the international value of the US dollar and the world's most widely-recognized traded currency index. In a single transaction the USDX enables market participants to monitor moves in the value of the US dollar relative to a basket of world currencies, as well as hedge their portfolios against the risk of a move in the dollar. US Dollar Index futures are traded for 21 hours a day on the ICE platform.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3817562, member: 7248"] The value of the dollar as compared to world currencies. When it goes up like it is, it could kill other country's economies. Like I mentioned, other countries borrow in dollars. When the dollar goes up as compared to their home currency, paying back the dollars is much more expensive. The ICE U.S. Dollar Index (USDX) futures contract is a leading benchmark for the international value of the US dollar and the world's most widely-recognized traded currency index. In a single transaction the USDX enables market participants to monitor moves in the value of the US dollar relative to a basket of world currencies, as well as hedge their portfolios against the risk of a move in the dollar. US Dollar Index futures are traded for 21 hours a day on the ICE platform. [/QUOTE]
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