In a rough economy, like the one we are in right now, it is important to invest in companies with a strong global exposure. Although just because the economy is bad, that does not give the green light to all other countries to invest in the U.S. It is important to keep track of the dollar index.
If the dollar gets stronger compared to other currencies, then it doesn’t look as inviting to other countries as before. That is why tracking the dollar index plays a key role in finding solid stocks to invest or not invest in.
The following video does an amazing job in detailing how to accurately determine the direction of the dollar:
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