US greenback losses speed up

We’re again to the dynamic of promoting the US greenback alongside danger belongings. It is an uncommon one over the previous 20 years but it surely displays a priority that the US will wrestle in comparison with buying and selling companions.

A few of it additionally displays a softer US CPI report right this moment and the potential for charge cuts, regardless of the tariff conflict. US 2-year yields are down 14 bps right this moment to three.80% and that compares to the Fed funds charge at Four.25-Four.50%.

One spot I am watching in the meanwhile is USD/CAD, which is flirting with 1.40. It could be the primary journey beneath that degree since November.

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



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