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King Dollar's Reign to Endure Until U.S. Stocks Feel the Pain

Aviva Says Treasury Yields to Rise `Further out the Curve'

It’s up to U.S. stocks to carry out the coup d’etat on King Dollar.

Kit Juckes, a global strategist at Societe Generale SA, attributes the recent dollar rally to the same bond market trend that preceded the 2015 Chinese devaluation and subsequent selloff in risk assets. Traders are starting to get ahead of the Federal Reserve, he warns, with the five-year forward one-year U.S. rate -- a proxy for what the market thinks the one-year rate will be five years down the road -- “breaking free.”