The mighty green bucks regain its former glory

The green bucks have been suffering from extensive loss from the very beginning of the year 2016.The ongoing pending issue of the interest rate hike decision has also created massive chaos in the forex and stock market. However, things have settled down to a great extent in the recent days since the performance of the U.S economy is showing great promises in the global economy. In last Friday dollar becomes stronger against most of its major rivals in the forex industry which also caused a strong rally in the global economy. The recent strength of the U.S dollar is so far the best performance by the greenbacks considering the performance of the last two years. One of the most prominent index in the stock market is the MSCI index. The MSCI index has shares in 46 leading countries in the world which was significantly up during the early part of the European trading session. According to the leading investors in the stock and forex industry, the MDCI index was up 0.2% in the market which closed with a 1% gain during the Asian session in last Friday. Other than MSCI the performance of the European equities were firmly positive in the early morning of the trading session and it also showed a smooth rally in the defensive sectors including healthcare and utility unit which ultimately weakened the commodity stock market. There has been a decent fall in the pan –European STOXX 600 index after a strong third consecutive gain in the market and the index fell by 0.05 percent over the week.