Global Co-ordination on Interest Rates Could "Do Serious Damage to the Dollar"

The Dollar Index fell to its lowest point since October 2016 as several major central banks, including the ECB, Fed, Bank of Canada and BoE, adopted more hawkish signals. Deutsche Bank strategists argue this apparent coordination was hinted at by Draghi's comments at the Sintra central banking forum.

They say the dollar is especially vulnerable to this shift.