US Dollar’s ‘Supremacy Premium’ To Erode Further if Fed Is Forced To Intervene in Bond Market, Says Global Macro Analyst at $15,000,000,000,000 Asset Administra...

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Fidelity Investments’ global macro director Jurrien Timmer says that the US dollar’s global supremacy may erode further if one event occurs. In a new thread on the social media platform X, Timmer says that if the Fed is forced to prop up the bond market, such as by buying the debt securities, the US dollar index (DXY) may tumble even lower. “If the Fed is forced back into the bond market to hold down nominal and real rates, the dollar may well lose more of its supremacy premium. Currencies are t...