Market insights and analysis from Clifford Bennett, Chief Economist at ACY Securities
US dollar faces more turbulent times
What no one seems to be focussing on, while the US dollar goes through turbulent times, is that over in Europe things are not so shiny either.
There have been significant flows back from the US to Europe, reversing the massive capital shifts that occurred following the start of war in Ukraine.
As the US economy faces complexities and headwinds of historic proportions, the risk of more direct continuing impact on the EU from the Ukraine war and sanctions should not be underestimated.
Energy prices have retreated, but Russia has not. There has been a great effort to compartmentalise the war within the global investment community. But on main street in European cities and villages, consumers and business managers remain concerned.
This concern seems to being growing again.
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