The Dollar performed exceptionally well through the first half of 2022 – and more broadly over the preceding year. The fundamental stars aligned between a leading Fed tightening regime, perceptions of a greater cushion for the US economy amid forecasts of a global slowdown and the reliability of the currency’s renowned safe haven status. All of these elements are still in play heading into the second half of the year, but the relative potential has deflated. The underwhelming follows through for the Greenback despite the Fed’s 75 basis point hike in June or during the S&P 500’s steep selloff in the first half of the ... (full story)