US dollar outlook: The Buck Stops Here

Research Affiliates chief investment officer for multi-asset strategies Jim Masturzo looks at how, over the last two years, the world has witnessed a parabolic strengthening of the US dollar compared to its developed-market counterparts. As we start 2023, the dollar has pulled back 12% from its high in September 2022, but remains 25% elevated from its lows at the start of the last decade. Masturzo asks is this a temporary respite that reverses in a risk-off recession, or does the buck stop here?