The Dollar Is Finally Falling. It’s Good News for the Stock Market.

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The dollar’s drop from its recent peak is giving a lift to the beaten-down 2022 stock market.  

The U.S. Dollar Index (ticker: DXY) is down about 2.4% from its multidecade peak of 104.85, reached in mid May, mainly because investors are a little less fearful about slowing economic growth, reasoning that central banks aren’t likely to get much more aggressive in lifting interest rates to combat inflation. Global investors tend to buy up dollars when worry about the economy sends them rushing to buy haven assets such as U.S….