“Another Plank” Supporting The Dollar Has Been Removed

“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
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