Subscribe To
US dollar continues to drip lower as risk appetite improves

It's tempting to read today's price action in FX as a reflection of the thinning of a crowded trade in US dollars. Yes, bond yields are lower by 2 bps but that's hardly a decisive catalyst. Oil is more convincing as another $2 decline combined with narrowed gasoline cracks will reverse a significant area of angst about inflation and further Fed hikes. Along those lines, the market is now pricing in 76 bps in cuts next year, up from 59 bps before ADP employment.In any case, these are small (but g...
Read More
Posted: Oct 5 2023, 18:52
Author Name: forexlive
Views: 082915