USD rout continues - NBF

The USD rout continue as the trade-weighted dollar’s depreciation in Q1 was the fifth in a row, with a cumulative 9% drop since the end of 2016, explains Krishen Rangasamy, Research Analyst at NBF.

Key Quotes

“Foreign investors may be finding American assets unattractive amidst unsustainable U.S. budget deficits which have historically been correlated with a weakening greenback. Washington’s protectionist tendencies are also not helping America’s reputation globally and by extension the USD. Even world central banks seem to be losing faith in the big dollar.”