Macro: Sandcastle economics
Invest wisely in Q3 2024: Discover SaxoStrats' insights on navigating a stable yet fragile global economy.
John J. Hardy
Chief Macro Strategist
Summary: The US dollar is strong and the current dynamics driving USD liquidity issues would likely continue to drive an ever stronger exchange rate. But at some point, we are likely to see a dramatic policy pivot that could reverse the strength and prove the beginning of a long weakening process. John discusses this and several other FX market themes in this extensive update.