Time Runs Out for Dollar Bulls. Is This Time Different? Nice clhart
For the doomsayers, they finally herald the beginning of the end. It’s reminiscent of previous turning points in 1985 and 2002
Granted, die-hard bears have been sounding alarms about the dollar’s imminent demise for years now, only to be wrong time and again. Whether it’s inflation, America’s twin deficits or the Fed’s easy-money policies, fears over dollar debasement have done little to diminish its standing in the real world.
The FT's capital markets editor Katie Martin looks at the currency markets after the dollar suffered its worst month in July in 10 years
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