The market is hungry for excellent news

The US greenback continues to recoup a few of yesterday’s losses. It is coming with energy in shares and a few gentle bids in bonds.

The euro rose to as excessive as 1.1573 yesterday but it surely’s sagged to 1.1429 right now, which is about 40 pips from Friday’s shut.

In my view, this reveral has come on some flimsy headlines from Bessent and others. That stated, the selloff within the greenback yesterday did not have a lot of a catalyst both because the Powell and Japan-trade headlines weren’t dangerous (supplied Powell is not truly fired).

The excellent news right now — I feel — is that Trump has been quiet on commerce. That seemingly has some available in the market believing that he’s hungry for a deal and something that would flip round markets. Think about the President was quiet on commerce daily.

This text was written by Adam Button at www.ubaidahsan.com.



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