Economics
There’s Not Much Yellen Can Do to Stop Dollar Rally, SocGen Says
Janet Yellen, chair of the U.S. Federal Reserve,
Andrew Harrer/BloombergThis article is for subscribers only.
Kit Juckes, a global strategist at Societe Generale SA in London, says there’s not much that can halt the U.S. dollar’s ascent.
The greenback is rallying because the rest of the world is doing poorly in comparison. Yet any sign of U.S. weakness would only prompt international investors to pour more money into the nation -- not less -- since a slowdown in America would drag down other, less-stable countries, too, according to Juckes.