Dollar-Cost Averaging
Dollar Gaining Strength As Major Central Banks Keep Raising Rates | Daily Market Analysis
Key events: UK – Retail Sales (MoM) (Nov) UK – Composite PMI UK – Manufacturing PMI UK – Services PMI Eurozone – CPI (YoY) (Nov) The dollar rallied against all Big Ten currencies on Thursday. This strengthening was very broad-based, with 85 of the 146 currencies tracked by Bloomberg falling against the U.S. competitor. Four major precious metals also lost ground.
How Does Dollar-Cost Averaging Work?
Active trading can be stressful, time-consuming, and not yield the desired results. On the other hand, there are alternatives. You can look for an approach to investing that is less burdensome to your resources and requires less time, as many other investors do. Or just a more passive method of investing.
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