Where Will the Dollar Go Next?

The video discusses the recent strength of the dollar and its implications due to policy divergence. It highlights the impact of real yields moving against the dollar and the challenges faced by the ECB and BOJ in generating lower real yields. The Fed's cautious stance on inflation and PCE data is examined, with Janet Yellen's wait-and-see approach emphasized. The video also explores China's currency dilemma, focusing on the need to weaken the yuan to regain monetary policy control amidst dollar strength and capital outflows.

In what ways are real yields impacting the dollar's performance?

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What is the 'impossible Trinity' mentioned in relation to China's currency policy?

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