Trapdoor for Dollar, Red Flag for Fed

The U.S. dollar’s accelerating decline from the heady highs of 2022 has a ways to go yet – but the speed of the drop may build a case for a soft landing of its own later this year. A reversal of the near 30% jump in the dollar’s main index , from the post-pandemic lows of early 2021 to September’s 20-year peak, always seemed a sure bet once markets spied the peak of Federal…