Global Perspectives: The Tame Dollar

Foreign Exchange - Global Perspectives
The Tame Dollar
The Tame Dollar
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This is the time of year when markets collectively start winding down one calendar year and looking forward to the next. We will be talking about our thoughts for 2019 in the next couple of weeks, but for this week, let's review one of the most overlooked financial indicators of the year — the U.S. dollar.
The U.S. and global financial markets focused their attention on other areas throughout the year. Equity volatility, which has been led by the U.S., has reverberated around the world as we have seen ups and downs of 4 to 6 percent the last couple of months.
Oil prices have been on a sharp downturn, falling by more than 30 percent before recovering about 6 percent of that fall in the last couple of weeks. Finally, the inversion of some parts of the yield curve has generated a ton of chatter about recession; as that has been a harbinger of recessions in the past. As to the chances of recession, watch Paul Single's latest Economic Perspectives.
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