The key driver behind a depreciating U.S. dollar

Richard explains what’s driving the U.S. dollar’s slide. Hint: yield differentials are taking a back seat for now. The U.S. dollar index’s slide to three-year lows has caught many off guard, playing out despite interest rate differentials favoring the greenback. Different factors can dominate dollar swings—and higher U.S. yields are...

Source: BlackRock Blog
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