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Credit Agricole: Despite rising US rates, the USD underperforms - what's next?

Credit Agricole: Despite rising US rates, the USD underperforms - what's next?
Synopsis: Credit Agricole highlights an intriguing divergence between the recent rally in US rates and yields and the simultaneous underperformance of the USD. Despite US 2-year rates reaching their highest since 2006 and 10-year yields nearing their 2007 peak, the USD hasn't mirrored this strength. Several factors contribute to this phenomenon, including rising rates outside the US and substantial profit-taking from extended USD long positions.Key Insights:Disconnect Between Rates and USD: US r... Read More
Posted: Oct 18 2023, 18:41
Author Name: forexlive
Views: 112578

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