From what I understand, the demand for the dollar rises when the US economy is expected to outgrow most the worlds, interest rates are rising and there is uncertainty in the world.
The US Dollar Basket is sitting at the highs from April 2003, Jan 2017, March 2020.
US GDP growth came in unexpectedly low, the rate hikes are being priced in and the fear in the market is abnormally highly after having the worst ever start of the year in the NASDAQ + worst start to S&P since 2008.
Is there any good reason the US Dollar should continue to rise?
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