The Dow and the dollar diverge


Source: Landon Thomas Jr., New York Times ( Paid Registration )

Six months into the Trump presidency, two symbols of American financial might — the Dow and the dollar — have taken divergent paths, highlighting the complexities that investors face as the global economy hums, while Washington is enmeshed in political turmoil.

Barring a sharp reversal in the market, the Dow Jones industrial average will soon pass the 22,000 milestone for the first time, an 11 percent surge for the year that is being driven of late by increasingly bullish retail investors piling into stocks. Over this same period, the United States dollar has lost about 10 percent of its value against a basket of six major currencies.

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