Swiss Economicblogs.org
The upcycle in the US dollar that began in 2011 has faded, but further depreciation of the greenback may be limited and there is a good chance of a near-term recovery against the euro.The US dollar index has declined significantly this year, challenging our constructive view on the US dollar. Disappointment regarding potential US tax reform, the decline in US inflation, the significant overvaluation of the greenback and strong economic recovery in the rest of the world all help explain a...
Read More »Long-term US dollar cycle has probably peaked
