Levels of Stress.
A macro financial crisis story.
1. Around the world, financial markets look increasingly distressed. At the heart of the turmoil is the relentless rise of the American dollar and global interest rates. There is little relief on the horizon. Each market has its own idiosyncrasies. But all face a shared set of challenges. Most of the world’s currencies have weakened markedly against the dollar. The DXY, an index of the dollar’s worth against a basket of rich-world currencies, has climbed 18% this year, reaching its highest in two decades. Persistent inflation in America and the simultaneous tightening of monetary policy are making markets febrile. Global growth expectations are receding quickly. (Source: economist.com)
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