Tom Keene Talks to Nomura's Jens Nordvig
This article is for subscribers only.
Has the dollar overshot?
The dollar has definitely weakened more than is typical.
What's going on?
Higher oil prices are clearly something that is negative for the dollar. And there is evidence that global central banks are accumulating reserves at a steady pace. But they are accumulating fewer dollars, so there is some kind of diversification trend going on in the background as well.