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‘We Can End QE In One Step, No Problem’: ECB’s Hansson Gives Zero Fucks As Euro Surge, Dollar Decline Continue
Well, the greenback got no respite to start the week.
As noted on Sunday evening in our week ahead preview (DACA Schoen), the dollar is in deep shit. Recall the following annotated chart which documents the greenback’s recent trials and tribulations coming off the worst year since 2003:
Between the hawkish ECB minutes and the BoJ’s paring back 10-25Y JGB purchases, the policy convergence narrative is back in play and now, the threat of a government shutdown (also discussed at length in t
