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The Tell: The ‘dollar smile’: The U.S. currency does well when the stock market either jumps or slumps

7 Sep 2020

Analysts at HSBC tested what's called the "dollar smile theory" on this year's manic move in markets. What HSBC found was that the dollar rose both on days the S&P 500 fell sharply, and on days it posted big jumps.


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This content was originally published by MarketWatch.com - Top Stories. Original publishers retain all rights. It appears here for a limited time before automated archiving. By MarketWatch.com - Top Stories

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