In the News

1 big thing: King dollar keeps rising

(AXIOS) Fed Chair Powell has done his part to deflate the very strong U.S. dollar.

But other central banks have followed Powell’s lead in reversing the QT trend, and political dysfunction and economic malaise are keeping the greenback bid, John Doyle, vice president of dealing and trading at Tempus Inc., tells Axios.

“While the Fed has also taken a dovish shift, U.S. rates are still higher than most of our counterparts, which should lend some support most of the year.”

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