Deutsche Bank's Goel: We Are Getting to Top of Fed Cycle

The video discusses macroeconomic narratives focusing on the rate cycle in developed economies and China's economic cycle. It highlights recent trends in fixed income markets and the Federal Reserve's policy direction. The discussion also covers the dollar's valuation, its potential downside, and the impact of global economic factors on currency trends.

What factors contribute to the perception that the dollar is expensive at this point?

What conditions are necessary for a convincing downside in the dollar's value?