'Dollar Power' Is a Mystery, Agora's Knuckman Says

The video discusses the current strength of the dollar, noting its high levels and market perception. Despite the dollar's rise, other asset classes like stocks and oil remain strong, indicating a market disconnect. The euro shows signs of recovery with reduced volatility, suggesting a potential bottom. The pound remains stable, and the overall currency market experiences a slow grind. Interest rates are not expected to rise in 2019, with potential rate cuts in 2020, reflecting a return to previous economic conditions.

What are the implications of not raising rates in 2019 and possibly lowering them in 2020?

What does the phrase 'race to the bottom' refer to in the context of currency rates?