Chart of the Week – This Trend is Your Friend
Since late March, the U.S. Dollar is down more than 12% against the currencies of our major trading partners.
We believe this trend will continue into 2021 and beyond. Broadening global growth, low interest rates and outflows from U.S. assets should continue to put pressure on the dollar. We believe investors in foreign assets will receive a currency return, boosting gains from international investments.
U.S. Dollar Index
Source: Bloomberg, Ivy Investments. Dates shown are Jan. 1, 2016 through Dec. 25, 2020. This chart is being provided as a general source of information for education purposes only, and is not intended as a recommendation to purchase, sell or hold any specific security or to engage in any investment strategy.