A Close Up of Bill
Didier Darcet
1 August 2019

Is the USA Losing Momemtum?

In relative terms, the USA isn’t losing momentum on risk, but it may well be the case on the currency side. A weaker USD, at least against Asian currencies, would normalize a situation that had never yet occurred in the past 40 years. The anomaly was the dominance of a single region on both competitive fronts, cash and risk, over a full year.