Hemisphere Capital Management Inc.

Newsletter

The Dollar Safe Haven

The recent strength of the U.S. dollar highlights the extraordinary flight-to-safety of international investors following Russia’s invasion of Ukraine in February 2022. Since the invasion, the euro has declined 11% – a 20-year low. The British pound has fallen 14% – an astounding 37-year low. The Japanese yen, another major currency, has dropped 20% – a 24-year low