Global Investors Cut Back Dollar Hedging, State Street Says

The article discusses the hedging behavior of global investors regarding the US dollar and its potential impact on the currency. While not a direct driver, changes in hedging activity can influence currency valuations and, indirectly, the performance of US equities. The S&P 500 has surged to all-time highs, and the dollar has gained some respite, so the reduction in hedging could be a contributing factor.