USD is losing ground, but it might be good for some.

Photo by ToffanelloG

The US Dollar is about to have its worst week in nearly a year. As seen during FX trading, the US Dollar has been dropping vs. major currencies like the Euro. While this might make your European vacation more expensive, it's insanely helpful to major US corporations who sell goods and services in other countries.

Why is that the case? Because now when they sell their goods in Europe, for example, that one Euro converts to even more Dollars. More Dollars means more income.

Here's is the EURUSD weekly chart. The bullish EURUSD chart is telling the whole story. The uptrend that started from January 2017 is still intact.