Given all the talk right now about the future of the $, some historical perspective is useful. This is indexed

Given all the talk right now about the future of the $, some historical perspective is useful. This is indexed to Aug 2011 post-crisis low point of $. Relative to AE: on plateau since 2016. V. EM: 2020 surge has not been reversed. @IIF @RobinBrooksIIF @Brad_Setser @SoberLook https://t.co/JS09XsG4lF

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