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Genevieve Roch-Decter, CFA
@GRDecter
The U.S dollar is on a tear. On track for its best run in more than a year.
Why? Higher for longer interest rates and increased geopolitical risk.
The first FED cut is not expected until September.
Money market funds just reached an all-time high of +$6.1 trillion.
Don’t fight the U.S dollar!
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Amit Misra
@amit6060
The US dollar has been on a strong rally, with the Bloomberg Dollar Spot Index climbing for five consecutive days and gaining nearly 2% – the biggest advance since February 2023.
This surge in the dollar’s value was fueled by several factors, including a robust US retail sales report and higher-than-expected inflation data, which reduced expectations for Federal Reserve rate cuts in 2023.
Additionally, China’s decision to weaken its daily reference rate for the yuan has added to the selling pressure across emerging market currencies, further boosting the US dollar.
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FIRE Guy
@TheTrueFIREGuy
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When things get dicey, everyone still flocks to the dollar. It will get stronger if things continue to worsen.
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Steven Hasty
@StevenHasty1
Still, it’s losing value quickly and that’s a huge burden on the American people.
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Tom Moore
@junogsp7
Number 1 reason is perceived flight to safety for threat of war .
Could be unwise move with 34 trillion and soaring deficit, 1trillion + yr of debt servicing, and BRIC’s expansion which had weaned a number of key trade partners off the dollar.
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