UDN - If The Dollar Eases What Could Rally?
Summary
- Not many assets are in the green in 2022 as sentiment has soured. Yet, in this environment, USD has rallied.
- This has been the result of the Federal Reserve hiking interest rates and also a move by investors to perceive safe haven assets.
- With such a strong move in the currency, it is natural to think a pullback or at least a more gradual rise could be the next move.
- If the USD does ease a bit, I see value in emerging market equities, foreign currencies, gold (and other commodities), and fixed-income assets of both IG and below-IG quality.
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If The Dollar Eases, What Could Rally?