A screen above the trading floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average last Friday. Despite the upheaval in stock markets since the beginning of this year, the US$5 trillion-a-day foreign exchange market has been remarkably unperturbed. But that may soon change. Photo: AP A screen above the trading floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average last Friday. Despite the upheaval in stock markets since the beginning of this year, the US$5 trillion-a-day foreign exchange market has been remarkably unperturbed. But that may soon change. Photo: AP
A screen above the trading floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average last Friday. Despite the upheaval in stock markets since the beginning of this year, the US$5 trillion-a-day foreign exchange market has been remarkably unperturbed. But that may soon change. Photo: AP
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Slumping US dollar no longer a one-way bet as volatility returns to currency markets

Nicholas Spiro says while the bears have reason to be confident, a confluence of factors points to a revival of the US dollar’s fortunes. The relative quiet in the currency markets may soon end

A screen above the trading floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average last Friday. Despite the upheaval in stock markets since the beginning of this year, the US$5 trillion-a-day foreign exchange market has been remarkably unperturbed. But that may soon change. Photo: AP A screen above the trading floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average last Friday. Despite the upheaval in stock markets since the beginning of this year, the US$5 trillion-a-day foreign exchange market has been remarkably unperturbed. But that may soon change. Photo: AP
A screen above the trading floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average last Friday. Despite the upheaval in stock markets since the beginning of this year, the US$5 trillion-a-day foreign exchange market has been remarkably unperturbed. But that may soon change. Photo: AP
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.