Three calls for FX: All hail the mighty US dollar

Three calls for FX: All hail the mighty US dollar

From think.ing.com

The Federal Reserve's broadest measure of the trade-weighted dollar has rallied 5% over the last two months as markets positioned for and then witnessed a Republican clean sweep. European currencies have borne the brunt of dollar strength as the mixture of soft eurozone survey data and Europe’s fiscal straitjacket has pressured US:Eurozone interest rate spreads to the widest levels since 2022. Geopolitical developments have hit European currencies, too, as the war in Ukraine has escalated. Investors and corporates remember only too well the spike in energy prices in 2022 and the damage those energy prices did to ... (full story)

In other words, nothing. If this, then this; if that, then that.

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