USD Review 🧵- While many focus on the rise and rise in crypto, there are some dynamics in the USD to focus on. 1) The DXY closed at 107.49, retreating from a run high of 108.00. The trade-weighted USD hit a new cycle high last week and the best levels since 2022. The real… https://t.co/vF9mvmdKMC
Week Ahead: Little to Stop the Surging Dollar: The dollar's Q4 rally continued last week. The Dollar Index has risen in the first eight weeks of the fourth quarter, gaining a little more than 7%. Half of the G10 currencies (the euro, the Swedish krona,… https://t.co/59VhgBEfk1 https://t.co/KNND0Enar1
$USD is surging here in Q4, more than seemed likely in August and September. Still, the powerful forces are intact, and the divergence between the US and other high income countries is stark. Be prepared for the week ahead: https://t.co/y8YXRE8dVT https://t.co/V5HKpFkuhY
The U.S. dollar has surged to its highest level in over two years, driven by weaker-than-expected business activity data from Europe. This has resulted in the euro posting the worst spot returns among major currencies since late October and falling to its lowest level in almost two years. The U.S. Dollar Index (DXY) has rallied by 8% since October, marking an impressive eight-week winning streak, the longest in 14 months. The strong dollar, fueled by soaring U.S. Treasury yields and a reassessment of economic growth, has negatively impacted other major currencies, including the Japanese yen and the Canadian dollar. The divergence between the U.S. and other high-income countries is stark, with the euro and other EU currencies weakening amid renewed inflation worries and above-average economic growth in the U.S.