US Dollar: Recent weakness, drivers up and down from here (in one chart)
- Spot rate down 9% from March peak (Covid-19 panic), but US$ still above 10-year averages for spot (6%) and REER (9%)
- Weak (or at least stable) US$ a pre-requisite for non-Technology EM-FM equities (eg Brazil, SA performance recently)
- Chart shows US$ history and drivers up (panic, v-shaped recovery) or down (EU growth, reserve currency rivals) from here
This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a res...