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Dollar Adrift STR/AFP/Getty Images

The Dollar Adrift

The greenback’s retreat against other currencies has surprised most economists, who had expected the Trump administration's profligate spending and tax cuts to lead to higher interest rates and upward pressure on the exchange rate. So what accounts for the dollar’s decline, and will it matter?

Featured in this Big Picture

  1. Barry EichengreenBarry Eichengreen
  2. Stephen S. RoachStephen S. Roach
  3. Jim O'NeillJim O'Neill
  4. Benjamin J. CohenBenjamin J. Cohen
  5. Gita GopinathGita Gopinath

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