bearish
Global FX: Summertime sadness for USD as yields drag
SUMMARY
- The biggest shift in FX markets is a lower range of interest rates in the US, signaling a regime shift towards Fed rate cuts.
- Dollar strength is diminishing due to lower rates and softer US inflation, impacting carry trades and high yield currencies.
- Euro-Dollar may benefit from lower yields, but its upside potential is uncertain amidst ongoing market volatility and economic uncertainty.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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