Sliding dollar; how far and what impact?
Anglais -
31 janv. 2023
Since the early 1970s when floating currencies became the norm, the dollar has had extended downcycles followed by upcycles (see chart infra): there were three downcycles (-20% between 1970 and 1978, -42% between 1985 and 1995 and -36% between 2002 and 2011) and three upcycles (+52% between 1978 and 1985, +40% between 1995 and 2002, +45% from August 2011 to the dollar peak in effective terms in mid-October). We assume the last upcycle is over ...
