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US dollar surges to start the year; US economic calendar light

US dollar surges to start the year; US economic calendar light

The US dollar is sizzling today even as Treasury yields fall.

It's a reminder that intermarket correlations don't matter on Day 1 as flow-driven trade dominates. The rally in the dollar speaks only to demand for liquidity and the world's reserve currency -- I wouldn't take it as any kind of verdict on the US economy.

In terms of news, two stories are at the top of my radar:

  1. The undershoot in German Read More
Posted: Jan 3 2023, 13:15
Author Name: forexlive
Views: 102024

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