In response to concerns raised by clients around the potential for continued dollar weakness going forward, we have the pleasure of including a recently posted 8-minute podcast by Jason Borbora-Sheen, Portfolio Manager at Ninety One, who discusses how, after expectations of a structural US dollar bear market in 2025, conditions appear to have shifted. The greenback has strengthened, raising the question of whether this is simply safe-haven buying amid the Iran conflict, or whether higher inflation is supporting tighter US monetary policy. The podcast includes the likely impact on the currency by the new Federal Reserve Chair, Kevin Warsh.
