The Dow Jones Industrial Average came very close to its 20,000 milestone before falling short and backing off. The blue-chip index came within a point of the level in the afternoon session. Crude oil ended the day with slight gains even after another increase in the number of active oil rigs drilling for crude in the U.S. Baker Hughes (BHI) data showed an increase for the tenth consecutive week in a row. PriceSmart (PSMT) reported a mixed quarter. The warehouse club retailer surpassed earnings estimates, while falling short on sales. PriceSmart said a stronger U.S. dollar and weakness in key regions had hampered its quarterly performance. Amgen (AMGN) climbed after a federal judge ruled that drugmaker Regeneron (REGN) had to pull a rival cholesterol drug from shelves. The decision was part of a patent lawsuit.
More from Currencies
Traders are holding the largest bullish dollar bets and bearish euro bets we have seen in the previous year.
When the currency starts to lose buying power a move to hard currency like precious metals is a strong alternative.
Many U.S. companies could see their earnings dinged by unfavorable exchange rates, which would hurt their share prices.
Everyone's talking about stocks -- but what about the dollar? There's a lot going on in the USD.