Dollar slump magnifies stock market pain for foreign investors
Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldEuropean investors in US equities have been dealt a double blow as a slide in the dollar compounds losses on stocks, ending a “virtuous cycle” of share price and currency gains during Wall Street’s recent record run.The slump in US stocks this year has confounded a widespread bet that Wall Street would continue to outperform. But an accompanying slide in the dollar has magnified the pain for foreign investors, ending...



