We're entering the next phase of the currency cold war
Thomson Reuters
One of the most interesting and, for many observers, surprising market developments year-to-date has been the gradual descent of the broad trade-weighted U.S. dollar from the lofty 14-year highs reached late last year. Is this just a temporary lapse in a general dollar bull market, as most forecasters and market participants appear to believe, or has the dollar already peaked?
As always in currency space it’s hard to tell, but one thing is clear: The new U.S. administration is not interested in a strong dollar. Читать дальше...