Has the tipping point finally arrived for the dollar?

Stock markets around the world had a tough time last week, with investors mainly troubled by the dollar's sharp decline. John Stepek looks at the reasons for the dollar plunge - and which asset class is set to benefit.

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Stock markets across the globe had a tough time of it last week. The FTSE 100 fell 1.1% to 6,122 by the end of the week, Japans Nikkei 225 shed 2.2% to 15,734, and even the seemingly unstoppable Dow Jones was knocked off its stride.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.