The restart of the dollar's strong cycle: How does the hawkish stance of Waush and AI capital repatriation reshape the global exchange rate landscape?
In June 2026, a core theme of global asset pricing is being re-established: a stronger US dollar. The Bloomberg Dollar Spot Index has risen 2.1% month-to-date, nearing its best monthly performance in the past year, and is currently at its highest level since November last year. Major Wall Street institutions such as JPMorgan, Goldman Sachs, and Bank of America judge that market expectations for the dollar have undergone a directional reversal, with the previously prevalent 'de-dollarization' nar
