The US dollar suffered broadly last week. It fell against the all major currencies and most of the emerging market currencies. There were two main drivers. The first was the heightened geopolitical risks. The US launched a missile strike against Syria's government forces in retaliation for its use of chemical weapons. The US also dropped the largest non-nuclear bomb on IS bunkers in Afghanistan. At the same time, it sent an aircraft carrier group toward North Korea. While the fear of that the Trump Administration was going to be isolationist has subsided, there is a concern about unilateralism and the seeming lack of ... (full story)