Bank of Canada’s Macklem: We need to create more places for savings to go beyond the USA

If we want a more balanced and resilient global system, we need to create more places for savings to go beyond just the USA
Even as the US has pulled back from open trade, others should look to deepen trade and investment relationships
Leveraged trading of hedge funds and non-financials may be making the system more fragile
While imbalances adjust slowly, attractiveness of US dollar may have let imbalances persist
Global imbalances are growing
The US has been the biggest destination of capital

There is nothing on monetary policy or the outlook here but all the US dollar talk is a good reminder that the Dollar Index is at a one-year high.

This article was written by Adam Button at investinglive.com.