Axios: "The dollar’s "remarkable" double-edged sword"

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Axios: "The dollar’s "remarkable" double-edged sword"

Excerpt from Axios quoting DataTrek co-founder Nick Colas:

… “What they’re saying: Nick Colas, DataTrek’s co-founder, noted last month that the dollar’s “remarkable” strength has played a role in every major market meltdown since 1970.

  • “To see so many of the developed world’s major currencies either at or through multi-year lows to the greenback is very concerning,” Colas wrote.
  • “We doubt global equities can stage any meaningful recovery until currencies stabilize and [we] worry that further weakness here will cause further stock market declines,” he added.

Read the full article here on Axios!