Worst Economic Impact Still To Come, Fed’s Fischer Warns As Dollar Soars To 12-Year Highs

Tuesday, November 17, 2015
By Paul Martin

by Tyler Durden

The Trade-Weighted US Dollar has risen almost 19% over the past 18 months – the fastest pace of increase on record – and is now at its highest level since 2003. As we noted previously, this is not unequivocally good for American corporate profits… and if you believe The Fed’s Stan Fischer – the worst effects of this soaring exchange rate are yet to come… Most of the impact of exchange rate moves come after that first year. So we’re only just getting into the business end of the impact of the dollar’s strength on the US economy. And the Fed are about to hike?

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