King Dollar reigns supreme

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Nordea with the good news. My own view is that this will all happen faster and more brutally as a stock market crash tightens US financial conditions and consumers buckle triggering a trade shock everywhere else.

Plenty of central bank action remains in the pipeline, but a lot is also already priced in, leaving more room for swings in rates in both directions. We do not think that yields have peaked and see more dollar strength ahead this year.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.