The US Dollar has been unstoppable of late and today marks the currency hitting a fresh 19-year-high.
As looked at in the Q2 forecast, the US Dollar was already really strong coming into the quarter. There was a tease of this move in Q1 of 2021 as markets started to brace for higher rates, but that theme quieted in Q2 before coming back to life in Q3. And since coming back to life – it’s only continued to scale higher as stronger and stronger inflation is forcing the Fed further and further away from the easy money policies that have led us into this spot.
