The Federal Reserve is hiking interest rates while the European Central Bank is in no rush to raise its policy rates. The Economics Textbook and Financial Media say that is why the dollar is rising and the euro is falling: interest rate differentials. But that is not it!
----EP. 234 REFERENCES---- What Really ‘Raises’ The Rising ‘Dollar’: https://bit.ly/3sr6xrx Do I Owe Christine Lagarde An Apology?: https://bit.ly/3P8s6a8 Collateral Shortage…From *A* Fed Perspective: https://bit.ly/3ypudk0 Alhambra Investments Blog: https://bit.ly/2VIC2wWlin RealClear Markets Essays: https://bit.ly/38tL5a7 Epoch Times Columns: https://bit.ly/39ESkRf