The Big Take
The World’s Most Painful Trade Is Finally Ending as Dollar Peaks
A weaker dollar will cool some of the price pressures that have been evident around the world.
Investors say the dollar is on the way down because the bulk of Federal Reserve rate increases is over.
Photographer: Carlos Becerra/BloombergThis article is for subscribers only.
Some of the world’s top investors are betting the worst of the dollar’s rampage is over after the surge upended the global economy in ways that had few parallels in modern history.
Having skyrocketed to generational highs last year — deepening poverty and turbocharging inflation from Pakistan to Ghana — the currency has now entered what some forecasters are calling the start of a multi-year decline.