U.S. Dollar and S&P 500 vs. MSCI World ex-U.S.

U.S. Dollar and S&P 500 vs. MSCI World ex-U.S. BofAML suggests that the outlook for the U.S. dollar remains bullish into 2020, but if the S&P 500 is to top out relative to the rest of the world, then the U.S. dollar would likely weaken. Image: BofA Merrill Lynch Global Research

U.S. Dollar and Euro (EUR/USD)

U.S. Dollar and Euro (EUR/USD) Deutsche Bank expects the dollar to weaken into 2020. Image: Deutsche Bank Research

U.S. Dollar Cycles

U.S. Dollar Cycles U.S. dollar cycles are persistent and are counted in years. In the absence of a recession in the U.S. in 2020, the strength of the U.S. dollar should continue for some time. Image: Danske Bank

Long-Term U.S. Dollar Cycles

Long-Term U.S. Dollar Cycles This chart shows bear and bull cycles in the U.S. dollar. Will the U.S. dollar enter a bear market? Image: Alpine Macro

Broad Trade-Weighted U.S. Dollar Forecast

Broad Trade-Weighted U.S. Dollar Forecast Chart suggesting that the U.S. dollar is expected to weaken in 2020, as global economic activity improves. Image: Goldman Sachs Global Investment Research

U.S. Dollar Debt in Emerging Markets

U.S. Dollar Debt in Emerging Markets This chart shows the wall of dollar debt in emerging markets over the next decade. Image: Financial Times

U.S. Equity Leads U.S. Dollar

U.S. Equity Leads U.S. Dollar History suggests that U.S. equity underperformance leads U.S. dollar weakness. Image: Gavekal

U.S. Dollar and S&P 500 Equity Risk Premium

U.S. Dollar and S&P 500 Equity Risk Premium Higher bond yields reduce the S&P 500 equity risk premium, which weakens the U.S. dollar. Image: Morgan Stanley Research