What A Strong Dollar Means
Global investors have been flocking to higher-yielding U.S. assets, and the dollar has strengthened while competing currencies have weakened.
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U.S.-Dollar Falls
The dollar has witnessed a significant decline of nearly 13% against a basket of currencies since reaching a two-decade high last year, reaching its lowest point in 15 months.
Dollar Falls As The Fed Appears More Cautious
On Thursday, the US dollar was on track to experience its longest losing streak in two-and-a-half years after the Federal Reserve hinted that it may end interest rate hikes, which investors believe are no longer necessary.
Sovereign Pivot
The conventional framing of global economic power tends to focus on trade balances and manufacturing output. This perspective misses a more consequential asymmetry.
Potential Dissent at the Federal Reserve
This week’s Federal Reserve meeting may bring a rare event not seen since 1993: multiple governors dissenting from the chair’s policy direction.