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