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Dollar’s Strength Sends World Markets Reeling on Wednesday

July 25, 2023
in Trade Tube
Reading Time: 1 min read
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Wall Street tries to rebound after the worst day this year. This morning, investors remain firmly focused on currencies again as the U.S. Dollar hits a 12 year high against the Euro. We do get oil inventory data today as well as the results of the Federal Reserve stress tests of banks. Men’s Wearhouse is expected to provide an update on the progress of its Jos A Bank acquisition. Shake Shack will report its first quarterly earnings since going public in January. Shake Shack’s stock price is based on aggressive growth expectations. Also, Krispy Kreme reports results today after a 60% gain in 2014.

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