There Is No Alternative, US Dollar Is Still King

Joe Quinlan, Chief Market Strategist, US Trust-BOA Private Wealth Management

13-Aug-24 07:00

There Is No Alternative, US Dollar Is Still King

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In the last month, the US dollar has declined by more than 1% against a basket of major currencies. With the Federal Reserve set to cut rates in September, does this mark the end of the King Dollar. Joe Quinlan, Chief Market Strategist, US Trust-BOA Private Wealth Management tells us his perspective whilst weighing in on the strength of the US consumer as consumption is still 70% of GDP.

Image Credit: shutterstock.com

Produced by: Tun Hizami Hashim

Presented by: Wong Shou Ning, Shazana Mokhtar, Keith Kam

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Categories: markets, economy

Tags: us dollar, u.s. federal reserve, fed rate cut,

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