Brad Setser

The Core of Dollar Weakness | George Saravelos, Deutsche Bank's Head of FX Research, on Growth Differentials, Fed Rate Cuts, and 4% U.S. Current Account as Key Threshold For USD Declines

George Saravelos from Deutsche Bank discusses the narrowing US-rest of world growth differential as the core driver of dollar weakness, explaining how Federal Reserve rate cuts, hedging costs, and a 4% US current account deficit threshold will shape medium-term currency movements.