AEX exchange rate down: strong dollar is beating around the corner

The AEX price started today with a decline of about 0.2 percent on the new trading day. This decline follows a new rise in the US dollar index (DXY). It is now trading at over 102 points and the euro is falling sharply against the dollar.

A rising US dollar typically means bad news for the AEX and other risk investments. Why? Because the dollar is still the most important currency on Earth.

It is the world's reserve currency and the currency most commonly used for loans in the credit market. Most credit in the world is outstanding in US dollars.

If that dollar then rises, it will be a kind of noose for the financial world. It slows down because it makes capital more expensive. In the long term, companies can also get into trouble as a result.

Today, that is the case, while at the same time we see bond yields rising sharply again. These are generally not the developments that create favourable conditions for shares.

The biggest losers on the stock market are the chippers ASMI and BESI, with price declines of 3.31 and 6.01 percent respectively. ASML also fell by almost 1 percent today. From that perspective, it's not surprising that the AEX is having a tough day today.

With this sharp decline, BESI has now almost halved compared to the all-time high of June. Obviously, the positive sentiment has not returned everywhere in the chip market.

The quarterly earnings season, which will really kick off in the United States from 13 October, promises to become extra important due to all developments. The chippers are increasingly in need of a bit of confirmation from the profit and growth figures.

Especially now that bond yields are increasingly a threat and are becoming more attractive to investors.