Jakobsen: Global economy being stranged by strong USD

For the global economy to get back on track, what the world now needs the most is a weaker US dollar, says Saxo Bank’s Chief Economist Steen Jakobsen. He explains why the US dollar’s global domination is having a detrimental impact on both emerging and developing markets and why a US Fed rate hike could have a surprising impact on the dollar’s direction. For more on this story, check out "Steen's Chronicle: Primitive Economy redux" (https://www.tradingfloor.com/posts/steens-chronicle-primitive-economy-redux-6565751)