WSJ: The Air Has Come Out of the Dollar

The exceptionalism of the U.S. economy is fading, spelling trouble for the dollar.

According to the WSJ Dollar Index, the greenback has declined by approximately 8.6% since reaching its peak in September. This decline marks the worst beginning to a year since 2018, the Wall Street Journal reported.

Investors are increasingly convinced that the U.S. currency has more room to weaken as the Federal Reserve approaches the conclusion of its most aggressive interest-rate increase program since the 1980s.

"The Air Has Come Out of the Dollar"
READ MORE: https://www.wsj.com/articles/the-air-has-come-out-of-the-dollar-36c4c03f

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