First I am a bit Graph Happy today but it helps.

Former Fed Chair and Treasury Secretary, Janet Yellen said the dynamic rise in Treasury yields, simultaneous with the decline in the dollar suggests the investors are beginning to shun dollar based assets.

While it is true that the US dollar moved sharply lower last week and is at its lowest level in three years, its not unprecedented, in fact a few months ago late 2024 the complaint was that the dollar was too strong.

Chaos is never good and right now that is what we have. Money Managers hate chaos and uncertainty.

The US dollar is the dominant reserve currency, with 58.7% ahead of the next one in line. The euro share is 20%. see last graph.

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