On a roll: The dollar index – a gauge of the greenback’s performance against a basket of its peers – has risen 6.4 per cent, with the bulk of the increase occurring in the last two months. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Monetary policy divergence back in vogue, at least for now

Dollar’s rally stems from the same forces which caused it to surge 25pc mid-2014 to March 2015: perceived divergence in the main central banks’ policies

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On a roll: The dollar index – a gauge of the greenback’s performance against a basket of its peers – has risen 6.4 per cent, with the bulk of the increase occurring in the last two months. Photo: AFP
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