Bob Savage, Head of Markets Macro Strategy at BNY, discusses the U.S. Dollar's influence on equity markets, highlighting that USD weakness is reshaping sector dynamics within the S&P 500. It notes that a weaker dollar supports sectors with international exposure and alters capital flows. Impact of USD weakness on sectors"A weaker dollar alters future earnings, shifts global competitiveness, and redirects capital flows across regions and asset classes. For equity investors, the implications extend beyond simple export exposure." "Most importantly, USD weakness alters sector relationships as the U.S. economy evolves.