Will the dollar keep dropping?

In this episode of The Markets, Chris Hussey interviews Kunal Shah, co-CEO of Goldman Sachs International, about the recent risk asset rally and market outlook. Shah acknowledges the strength of the rally, driven by strong earnings, deregulation, and AI, but expresses caution due to less compelling technicals and meme stock activity. He discusses the potential for Europe, particularly Germany, as an alternative investment, but notes fiscal challenges and issuance pressures. Shifting to Asia, Shah sees China as a geopolitical consideration with a focus on the renminbi's potential. Shah's favorite trades include expressions of a weaker dollar across the renminbi, topside in euro dollar, and receiving front end rates in the UK curve, anticipating policy adjustments from the Bank of England. He is looking for clarity on trade deals and insights from the Fed meeting regarding post-summer plans.