T. Rowe Price's Husain: Where now for the US dollar?

Arif Husain of T. Rowe Price

Arif Husain of T. Rowe Price

Down against almost every major and emerging market currency year-to-date, the US dollar is having a torrid 2017 so far, writes Arif Husain, head of international fixed income at T. Rowe Price.

Almost all the factors that were expected to propel it higher have not played out, and we are now at the point where expectations that the Trump administration will deliver growth-boosting policies have reached an all-time low. At the same time, the persistence of weak inflation has diminished hopes for the Federal Reserve to deliver further interest rate hikes. It has almost been a perfect storm for the US dollar. With potential implications for US inflation and the broader global economy from sustained dollar weakness, the question now is whether this move has further to go. Room...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on US

Amazon shares are down 40% from its peak

Growth stock pickers feel like 'a kid in a candy shop'

'It is time to go shopping'

clock 22 June 2022 • 4 min read
Markets are generally positive in months with rate rises

Rate hikes could have 'benign' impact on equities

Follows Fed 75bps hike

clock 20 June 2022 • 1 min read
Sectors in the US stock market that have been leaders over the last decade have come to a sudden stop in terms of their outperformance of the broader market since the start of 2022.

Deep Dive: A paradigm shift for US equities

'Valuations matter'

clock 15 June 2022 • 5 min read