The Globe and Mail reports in its Wednesday, Oct. 15, edition that the U.S. dollar recently achieved its best performance in two months. A Reuters dispatch to The Globe reports that while some may view this as a short-term upswing in an ongoing decline, there is a surprisingly strong argument for a bullish outlook on the beleaguered currency. The dollar's 1.3-per-cent rise last week was mainly due to the yen's sharp decline from political developments in Japan. Without that, the dollar's outlook remains bleak. The Federal Reserve is cutting interest rates while most of its peers have stopped easing. Crucially, President Donald Trump and Treasury Secretary Scott Bessent have made a weaker dollar a pillar of their economic strategy to boost U.S. exports, reduce the trade deficit and resuscitate the U.S. manufacturing base. The OECD notes that while significant productivity benefits from AI are still pending, the U.S. is likely to reap them disproportionately due to its leading position in the AI race, strong intellectual capital, lax regulations and a flexible labour market. U.S. tech seems overhyped with rising prices and market concentration, but compared with the late 1990s Internet boom, it still feels early.