Trial DataTrek Morning Briefings for Free

Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.


Axios: “The dollar’s “remarkable” double-edged sword”

By admin_45 in IN THE NEWS Axios: “The dollar’s “remarkable” double-edged sword”

Excerpt from Axios quoting DataTrek co-founder Nick Colas:

... "What they’re saying: Nick Colas, DataTrek’s co-founder, noted last month that the dollar’s “remarkable” strength has played a role in every major market meltdown since 1970.

  • “To see so many of the developed world’s major currencies either at or through multi-year lows to the greenback is very concerning,” Colas wrote.
  • “We doubt global equities can stage any meaningful recovery until currencies stabilize and [we] worry that further weakness here will cause further stock market declines,” he added.

Read the full article here on Axios!

Trial DataTrek Morning Briefings for Free

Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.