A rising U.S. dollar is raising hackles overseas and getting the attention of investors at home and abroad. But it isn’t clear that authorities can do much about the rise — or that it’s yet likely to undercut U.S. equities.
“The dollar’s rise is starting to unnerve everyone. Last night, both Japanese and Chinese officials attempted to thwart the greenback’s rally, but weren’t effective,” said Edward Moya, senior market analyst at Oanda, in a note.
Indeed,…
