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.
Is there enough economic growth to prolong the current expansion?
BMO Global Asset Management co-heads of multi-manager Gary Potter and Rob Burdett recently travelled to the US to get an on-the-ground view behind the headlines. Here, they explain why investors write off the US equity market at their peril.
'Unjustly punished in sell-off last year'
Companies with high growth are worth higher price tag
On 14 June, the Federal Reserve raised short-term rates by another 25bps from 1% to 1.25%, despite fairly weak inflation figures.