As the energy market falls into chaos due to the Middle East war, the dollar is expected to record its best monthly gains since October 2024. However, foreign exchange strategists at major global investment banks such as Goldman Sachs and Bank of America have warned that the dollar is currently in an overshooting state and could fall sharply the moment the United States shows signs of considering rate cuts.
On the 31st (local time), the ICE dollar index recorded 100.488 in the European market. It has come down somewhat from when it briefly reached 100.643 during the trading session. However, the dollar index has risen about 3% over the month of March.
In the Seoul foreign exchange market, the dollar against the won briefly reached 1,536.70 won per dollar, recording the highest level since the 2009 financial crisis.
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I'm holding SOL US Dividend ETF (also called Sol Mi-dang)
Even though the US stock market is weak, it has risen a bit due to the strong dollar.
It's nice that it went up, but it's not a pleasant rise lol
I sold US Nasdaq at a good time,
But because the Iran war broke out and I didn't sell Korean semiconductors, the damage was bigger..
I'm wondering if I should also sell Sol Mi-dang when articles like this come out lol
