“Another Plank” Supporting The Dollar Has Been Removed

With the broad dollar sinking... ...and the euro hitting six week highs (well on its way to a YTD peak)... ...and a "dovish" Fed hike having triggered a rally in rates, it's worth connecting the dots in terms of assessing the extent to which rate differentials still support the structurally strong USD thesis. Make no mistake, this is a pretty important point, which is why we thought the following was worth presenting. Via Bloomberg and Macro Man Another plank supporting U.S. dollar str