Report
In reality, the dollar is already weak
The United States’ expansionary fiscal policy in a situation of near-full employment is going to lead to a deterioration in US foreign trade and, like in the past, to a depreciation of the dollar due to the increase in US external debt. In reality, the dollar has already depreciat ed : its exchange rate is abnormally weak once the yield spread between the United States and other countries is taken into account.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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