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Jon (Jonathan) Turek
Founder of JST Advisors, a global macro research firm focused on central banking and macro themes; guest on this episode to discuss dollar dynamics, hedging flows, China, and gold.
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Oct 20, 2025
• 1h 4min
The Dollar’s Impossible Trifecta | Jon Turek on Why USD Hedging Flows Will Increase Throughout Fed’s Rate Cutting Cycle
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Jon Turek, founder of JST Advisors and macro research expert, discusses the shifting dynamics of the dollar in this engaging conversation. He explains why declining U.S. interest rates will make dollar hedging more appealing for foreign investors and how this could impact the global market. Turek also dives into China's trade surplus, the ongoing gold bull market, and the implications of U.S. fiscal policy on global yield curves. With insights on foreign flows and the Fed’s potential rate cuts, Turek paints a vivid picture of the dollar's future.
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