Apr 9, 2021 - 44 min
Why we could see a reverse of the dollar's spectacular run. The dollar has had a spectacular time recently, having risen more than 10% against other major currencies since the start of 2022. But its pricing is dependent on the expectation that the Federal Reserve will continue to raise interest rates. Barry Eichengreen examines why, if the economy and inflation weaken, the Fed is likely to pause and the US currency will reverse direction.