As the US dollar weakens, it pays to understand why it was so strong in the first place – and what’s changed, says Sean Corrigan of Cantillon Consulting.
The dollar has had the worst year since 1985, the headlines have screamed for this past week or so. There is no doubt that the US currency has been struggling (the precise truth of the statement rather depends on the specific dollar index one uses). Yet it comes after five and a half years of notable strength, during which the dollar rose by around 45%. So rather [...]