ABOUT THIS EPISODE
Some economists expected that the dollar would strengthen when the tariffs were imposed. Instead, the opposite happened. The dollar fell sharply and it's been a poor performer all year. Concurrently, it's been a great year for a lot of dollar-denominated assets, like stocks. Even US Treasuries have rallied this year. So what's going on? On this episode, we speak with recurring Odd Lots guest Hyun Song Shin, Economic Adviser and Head of the Monetary and Economic Department at the Bank for International Settlements. Per his work, the world didn't abandon the US dollar, but it did start hedging exposure to it. We discuss this phenomenon, as well as other risks on the macro landscape.
Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots
See omnystudio.com/listener for privacy information.
TRANSCRIPT 🔗
Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
00:00:18
Speaker 2: Hello and welcome to another episode of the Authoughts podcast. I'm Tracy Alloway.
00:00:22
Speaker 3: And I'm Joe Wisenthal.
00:00:23
Speaker 2: Joe, there are so many huge stories that you could pull out of this year, but I mean, like some actually really really big ones. So we had Liberation Day and the market crash. We had the continued weakness in the US dollar, which has been this sort of slow burned cra…
