“Money often costs too much.”
– Ralph Waldo Emerson
The Through Line: The U.S. dollar has underperformed many of its currency peers this year – most visibly during times of interim market stress. This unusual occurrence has led some to question the greenback’s traditional role as a safe-haven port in stormy seas, or even its continued viability as a reserve currency. Our guest writer helps put these quandaries into context.
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