The Dollar Paradox: All Dollars Are Not Created Equal

The Dollar Paradox: All Dollars Are Not Created Equal

Are all dollars created equal? The U.S. Dollar Index (DXY), which tracks the value of the dollar relative to a trade-weighted basket of other currencies, reached a fresh 20-year high in 2022 before retreating sharply this year. However, the long-term viability of the...
The Repo Market Incident May Be The Tip Of The Iceberg

The Repo Market Incident May Be The Tip Of The Iceberg

The Federal Reserve has injected $278 billion into the securities repurchase market for the first time. Numerous justifications have been provided to explain why this has happened and, more importantly, why it lasted for various days. The first explanation was...