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The US dollar has fallen more than 10% over the past year — but in the last few days it’s suddenly surged back, rising over 1% in a single session.

In this update, I break down why markets have abruptly changed direction, following news around Federal Reserve leadership and shifting interest-rate expectations.

We look at the US Dollar Index, the sharp reversal in gold, and how equities, bonds and commodities have all reacted as traders reprice the path of US monetary policy.

Stocks sold off, bond yields moved, precious metals plunged — and the dollar whipsawed higher.

This video explains what’s really driving the move, what the market is now pricing in, and what this could mean for the dollar, inflation, and global markets going forward.

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