How did the USD do on the stock market in 2016?

After the major increase in the stock market after the 2016 election, the United States dollar index rose to about 4 percent—a gain that has not reach this potential in over a decade. But how did the USD stock market do overall in 2016?

Reportedly, the dollar index climbed above 101.85 in late November, the highest it has been since the year 2003. In addition, the Enterprise firm reported earnings that surpassed expectations by 1 cent per share.

Correspondingly, The Guardian reports that the biggest winners were private prison corporators, oil companies, and also pharmaceutical companies. In currency standards, the USD had hit its highest in almost four months against the Japanese market, dropping 4% in the matter of one night.

The current reigning president vows to spend largely on America’s roads and bridges, which would increase prices, wages, as well as employment. If done as promised, it might increase overall economic growth on USD, resulting in an enduring dollar.

Another element for the dollar is oil. When the price of oil plummets, the dollar rises, and contrariwise. After the election, oil revenue have gone down, helping the dollar’s value as well.

Wall Street Journal reports Mexico’s troubled currency could drop dangerously low if president decides to reestablish or entirely avoid NAFTA.

Stocks around the globe had weltered during the four month period as the uncertainty of the next US president knocked the dollar in November.

An inevitable future indicates to a lower open for the S&P 500, which has already come to its longest losing streak in five years and is just one more run away from its worst run since 2008.

Asian shares lost some credibility overnight while earnings that turned out better than expected results boosted European stock markets slightly. The bigger picture though was weak, with the MSCI worldequity index, which tracks shares in 46 countries, languishing close to a four-month month.

In early 2016, after the announcement of Brexit, America’s stock market dropped drastically, also resulting in the subsequent announcement of prime minister David Cameron’s resignation.

Investors even went so far as to send the Dow 230 points above and S&P 500 to a 1% record of a close, in hopes that Brexit would take a halt. It was a long shot, and built a false sense of hope.

Taken into consideration, the figures reflect the intertwined matter of the British economy with all of Europe.