Big U.S. Dollar Breakout Could Spell Trouble for Stocks

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On Wednesday the U.S. dollar soared to its highest level in a yearA strong dollar has implications for stocks, commodities and the U.S. economyFirst, let’s look at the daily chart of the U.S. Dollar Index ($DXY). This index measures the dollar against the euro (57.6%), Japanese yen (13.6%), British pound (11.9%), Canadian dollar (9.1%) and handful…

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