Forex is watching the Weakest Link show
The U.S. dollar has featured the best quarterly performance since June 2018, and investors more and more often voice the idea that it makes no sense to bet that interest rate cuts from the Federal Reserve will hurt the greenback. T. Rowe Price’s, a U.S. company that manages almost $1 trillion, points out that the greenback has retreated only on one occasion during the past four U.S. rate-cutting cycles, bucking conventional expectations that looser monetary policy leads to a weaker currency. Fundamental analysis suggests that lowering of the central bank’s interest rate presses the…
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