Dollar In The Doldrums
Source: SeekingAlpha
2025-05-12 07:21:00 ET
Summary
- The U.S. dollar Index is still 3.5% below its level on April 2, when President Donald Trump unveiled a list of “reciprocal tariffs” on U.S. trading partners.
- On the face of it, dollar weakness after April 2 is strange for two reasons.
- We think the dollar weakness is much more likely to be a symptom of cross-border investor flows.
- The remarkable decline in the dollar since the start of this year is an important part of the debate about diminished American exceptionalism.
By Jeff Blazek, CFA, Co-CIO, Multi-Asset Strategies and Erik L. Knutzen, CFA, CAIA, Co-CIO, Multi-Asset Strategies ...
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Dollar In The Doldrums
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