The “Dollar Milkshake” is in play, with many currencies suffering under its relative strength. Has the British pound underperformed, or is it just another victim of the greenback? The U.S. yield curve also reflects economic stress. But how believable is it after years of distortion? Roger Hirst, appearing at the recent Real Vision Meetup in London, looks at the position of the dollar and the framework of the U.S. Treasury market and asks whether the scene is yet set for the Federal Reserve to reverse engines.
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