U.S. stock futures rose, the dollar fell to a four-year low, Asian currencies strengthened, and gold, copper, and aluminum all climbed.
The weakening US dollar is reshaping the global market landscape. From precious metals to industrial metals to emerging market currencies, an asset rotation driven by "depreciation trades" is accelerating.
After the US dollar index fell to its lowest level since February 2022 yesterday, on Wednesday the 28th, the