The Dollar's Surge Continues
Summary
- The US dollar continues to surge, with G10 currencies down 0.45%-0.65%, driven by rising US rates and Fed policy expectations.
- The euro and sterling are falling for the fifth consecutive session today.
- Of the large markets, only South Korea, Singapore, and Australia were exceptions.
Marc Chandler has been covering the global capital markets in one fashion or another for 25 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes. Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense