All themes
The dollar
103 managers wrote about this in 147 letters. Every passage below is copied verbatim from the letter it came from.
Share of letters mentioning it
- 2024 Q413% of 30
- 2025 Q113% of 40
- 2025 Q214% of 88
- 2025 Q313% of 88
- 2025 Q415% of 129
- 2026 Q19% of 137
- 2026 Q24% of 709
- 2026 Q36% of 878
- 2026 Q46% of 118
- Loomis SaylesOct 2026
We believe investors can realize total return by owning the currency relative to the US dollar and from price appreciation as 10-year yields in those countries slide lower.
Read the letter → - Malborough Global BondOct 2026
On currency, the US dollar was stronger by just over 2% for the month when measured against a basket of currencies and known as DXY.
Read the letter → - Platinium AM Platinum TrustOct 2026
All this served to keep the US dollar firm, despite the country’s rapidly growing debt load.
Read the letter → When leftist incumbent Lula won the 25 October run-off unexpectedly, Brazilian stocks fell 14% in a day and the currency tumbled 8% against the US dollar.
Read the letter →- Fat Prophets Global Contrarian FundOct 2026
After a period of sharply rising bond yields, US Treasuries rallied and yields retreated, while the US dollar softened.
Read the letter → - Somma Investimentos FundsOct 2026
The DXY moderated the strengthening of the US dollar, which this month gained less against the basket of developed-country currencies, closing up 0.4%.
Read the letter → - Troy Multi-Asset StrategyOct 2026
Should fiscal credibility deteriorate further, greater financial repression, ultimately via yield curve control, cannot be ruled out, with implications for the US dollar.
Read the letter → - Managed Asset Portfolios MAP ViewsSep 2026
Nonetheless, perceptions of higher interest rates have pushed the U.S. dollar higher.
Read the letter → - Malborough Global BondSep 2026
Portfolio Activity On the US Dollar, we reasoned that upside risks were fading from the war in Iran as the shift has changed from kinetic to economic warfare.
Read the letter → These funds may or may not be hedged to the US dollar, which will affect reported returns.
Read the letter →The Australian Dollar was little changed against the US Dollar over the Quarter (+0.4%), although it weakened ~3% in September.
Read the letter →- L1 Capital Gold Fund LimitedSep 2026
The LGF portfolio increased 28.4% in the September quarter, as the U.S. dollar gold price rose 3.7% (see Figure 1).
Read the letter → - Brandes IP Global Equity FundSep 2026
Some emerging markets countries may have fixed or managed currencies that are not free-floating against the U.S. dollar.
Read the letter → - Buffalo Funds International FundSep 2026
The US dollar strengthened modestly during the quarter, lowering the returns US investors earned by investments abroad.
Read the letter → This in turn led to markets taking a view on the US dollar, which weakened.
Read the letter →- Fairtree Asset Management Balanced Prescient FundSep 2026
Equities and commodities advanced as front-end rates declined, central banks extended rate cuts, the US dollar softened, and oil traded below US$70 a barrel.
Read the letter → - Wilkins Investment CounselSep 2026
The U.S. dollar has strengthened sharply the past three weeks, too, tightening global liquidity (by increasing the local burden of dollar-denominated debt).
Read the letter → - Fairtree Asset Management SA Equity Prescient FundSep 2026
The rand slightly weakened by 0.2%, ending the quarter at R16.42 against the US dollar.
Read the letter → - Somma Investimentos Fund FamilySep 2026
In relation to the Euro, the US dollar recorded a solid appreciation trajectory, advancing 2.4%, driven by attractive Treasury yields and the geopolitical risk premium.
Read the letter → - SKBA Capital ManagementSep 2026
The increase in global disorder has served to generally benefit the U.S. dollar to many macro hedge funds’ consternation.
Read the letter → - Praetorian Capital Fund LLCSep 2026
I believe that catalyst is a potential decline in the US Dollar, tied to policy changes emanating from the Trump Administration.
Read the letter → Gold was a standout performer in August as central-bank buying and diversification away from the US dollar returned.
Read the letter →- Buffalo funds High Yield FundSep 2026
The J.P. Morgan Domestic High Yield Index is designed to mirror the investable universe of the U.S. dollar domestic high yield corporate debt market.
Read the letter → The US dollar was volatile during the period, ultimately ending the quarter slightly stronger than where it began.
Read the letter →- Antipodes Global FundSep 2026
Gold finished modestly higher (+3.7%) after a volatile quarter, and the US dollar was little changed against the Portfolio commentary The Antipodes Global strategy (the Strategy) outperformed the benchmark over the Quarter and remains closely in line over the 12 months 30 September 2026.
Read the letter → - The Korea Fund IncSep 2026
The Korean won (KRW) rose more than 12% against the U.S. dollar on strong economic conditions and a more hawkish rate outlook.
Read the letter → - Staude Capital Global Value Fund LimitedSep 2026
The fund’s discount capture strategy added 0.6% to returns during the month, while Australian dollar weakness added a further 1.6% to performance.
Read the letter → - ARAR FundSep 2026
We believe we are relatively well positioned for a flight away from the US Dollar and disappointments in margins/profits in the field of AI.
Read the letter → India (-5.6% in USD) reversed part of its second-quarter recovery as foreign investors sold heavily, the rupee weakened past 96 to the US dollar, and oil approached US$100, with the Nifty posting its weakest September since 2018.
Read the letter →- Polen Capital Global GrowthSep 2026
Further, the US dollar moved sharply higher towards the end of the quarter, inflation remains somewhat persistent, and energy prices have not yet relented much — reinforcing the need to remain disciplined on valuation.
Read the letter → - Antipodes Global Value FundSep 2026
Gold finished modestly higher (+3.7%) after a volatile quarter, and the US dollar was little changed against the Australian dollar (-0.4%).
Read the letter → Under a wrap fee program, a client is charged a specified fee, which is not based directly upon transactions in a client’s account, for investment advisory services (which may include portfolio management or advice concerning the selection of other investment advisors) and execution of client transactions The US dollar is the currency used to express performance.
Read the letter →- Fairtree FR Income Plus FundSep 2026
The rand firmed in August before giving ground in September, ending the quarter broadly unchanged against the US dollar and slightly firmer against the euro.
Read the letter → - Aylett SA Equity Prescient FundSep 2026
The rand was little changed, weakening slightly from R16.39 to R16.42 against the US dollar.
Read the letter → - Third Avenue Value FundSep 2026
Risks that could negatively impact returns include: fluctuations in currencies versus the US dollar, political/social/economic instability in foreign countries where the Fund invests lack of diversification, and adverse general market conditions.
Read the letter → Risks that could negatively impact returns include: fluctuations in currencies versus the US dollar, political/social/economic instability in foreign countries where the Fund invests, lack of diversification, volatility associated with investing in small-cap securities, and adverse general market conditions.
Read the letter →S&P UBS Leveraged Loan Index is an unmanaged market value-weighted index designed to mirror the investable universe of the US dollar-denominated leveraged loan market.
Read the letter →- Bridge City Capital Small Cap Growth StrategySep 2026
The U.S. Dollar is the currency used to express performance and valuation.
Read the letter → - Findlay Park American FundSep 2026
Where an investor’s own currency is not the US Dollar, due to exchange rate fluctuations between the two currencies, the performance of the investment may increase or decrease accordingly.
Read the letter → - Fat Prophets Global Contrarian FundSep 2026
Bond volatility is expected to stabilize, suggesting that peak yields for the year have possibly been reached in the US bond market, a trend that may also apply to the US dollar.
Read the letter →
Showing the 40 most recent of 147 letters.