Market wisdom at a glance * SignalTube

The dollar is down about 11% or so against the euro and some other currencies as well. Sit here. Yeah, I mean, the last 15 years, it's a monsterously. Right. But do you worry that it's gone down or you think it was overvalued? and as a result of it having gone down, you think the chance of a plaza of cordocorco orchestrated. effort to take it down even further is unlikely and you think the dollar. decline hours. OK, it suggested appropriately.

speaker1

speaker2

I think you have to start David with a point of view that the dollar and the relationship between currencies fluctuate. and you know the dollar's been a pretty good run over a long period of time and it's certainly given back this year. given some of the policy actions some of the gains. But...

speaker3

fundamentally.

speaker2

The dollar is the reserve currency of the world. I don't see anything at the moment that threatens that. And even when we were talking about... you know debt and you know our fiscal debt. when you get around the world and you look at all the capital flows around the world. Global allocators, 50% of their capital is coming into the US. They might be hedging the dollar a little bit differently now than they might have been for the last few years. But I think it's more at the margin. So I think it's something to watch, but I'm not I'm not concerned that there's some fundamental shift and actually when you think about digitalization and tokenization and access to the dollar. You know, over time, it's actually allowing an easy access to the dollar around the world, which in the long run is a benefit for the dollar and the dollar is positioned in the world.