Has the Dollar Peaked?
I think one of the more topical questions in markets right now is the question of whether or not the US dollar has peaked. One of the more definitive trends of this year in macro has been the substantial dollar bull market that really began in 2021. However since its recent price peak in September, the broad dollar index has not made new highs along with the new highs we have seen in US yields, and it has begun to show signs of reversal in technical terms (moving averages etc.). So the question into the end of 2022 is, has the dollar topped out of its upward move?
BBDXY (Bloomberg Dollar Index) 1y chart