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  • Dollar Index correction positive for global stock market1 September 2017

    Dollar Index corrected over 6% since the start of the year 2016 and is currently trading at 93.00 levels. During the start of the year 2016, both FOMC and BOJ changed their policy rates. US Fed hiked its interest rate while BOJ turned to the negative interest rate. And since the start of 2017, both Dow Jones and Nifty rose over 14%. Historically, the Dollar index has the negative correlation with the stock market. Negative correlation implies that when Dollar

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