Dollar Technicals are Stretched, but Fundamental Shift Underway

The US dollar has recorded its best two-week performance since Reagan was President.  There has been a sea change.  Although the low in global yields took place before the US election, and deflation forces looked to have been largely defeated (with a few exceptions, including Japan), more market …

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The US dollar has recorded its best two-week performance since Reagan was President.  There has been a sea change.  Although the low in global yields took place before the US election, and deflation forces looked to have been largely defeated (with a few exceptions, including Japan), more market …

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