Running a little behind, so I decided today to reprint something I wrote 4 years ago as an excuse to call attention to some charts I still think are pretty interesting.
Monthly Archives: November 2011
“An Examination of U.S. Dollar Declines”
That’s the title of a blogpost by Roosevelt Bowman and Jan J.J. Groen at the New York Fed. The write:
…we examine the role of market uncertainty and currency risk premia in the pace and size of episodes of dollar weakness since 1991. We find that the most recent bout of U.S. dollar declines largely can be attributed to the recovery in global economic activity from the most recent recession.