The way you hear it nowadays, the dollar just can’t catch a break. If it’s not a load of “V’s” indicated by some obscure data point (like the otherworldly spike in US home ownership levels), then it is Jay Powell who is clearly gunning for the US currency. He can’t kill it fast enough, having had more than enough of King Dollar. And you obviously never, ever fight the Fed. While all of that is hideously untrue, of course, I suppose it still comes out as a small measure of progress. You only have to go back in time a couple of years, early 2018, when conventional wisdom said a rising dollar was a good thing. Strong ... (full story)