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Here's something wild: the greenback is flexing harder than it has in decades.
The Fed's Trade Weighted Real Broad Dollar Index just hit levels we haven't seen in 40 years. We're talking about a measure that tracks how the Dollar stacks up against 26 other currencies after adjusting for inflation and trade competitiveness.
What does this mean? When the Dollar gets this strong, it ripples through everything—commodities, emerging markets, and yeah, crypto too. Historical extremes like this don't happen in a vacuum. Whether it's rate differentials, safe-haven flows, or relative economic strength, the Dollar is currently the beast in the room.
Keep an eye on this. Currency dynamics at these levels tend to shake things up across risk assets.