Dollar Suffers Worst Year Since 2003 (And The Future Looks Even Grimmer)
The US Dollar is down over 9% year-to-date against a broad basket of the world's fiat currencies, tumbled over 10% against gold, and has collapsed against Bitcoin; but, as Bloomberg's Garfield Reynolds warns, the dollar's worst year since 2003 is about to get "even grimmer" in 2018...
Via Bloomberg,
The one point of clarity coming out of Washington is that tax reform isn’t about to save the dollar where Fed rate hikes have failed.