When the dollar was soaring, it was 'unequivocally' a reflection of the strength (or potential strength) of the US economy and its safe-haven, cleanest-dirty-short status. Since The Fed hiked rates for the 3rd time in 11 years, however, the dollar has done nothing but decline...
Erasing over 80% of post-Trump gains...
The Dollar Index has also plunged back to a 98 handle...
So is this "good" news? All those multi-national S&P companies benefit? We are sure Wall Street chattering heads will find a positive narrative any second now.
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