‘The World’s A Nicer Place When The Dollar’s On The Back Foot’
Amid a dearth of news, the dollar continues to be the story. The greenback headed for a third daily decline Monday, as Bloomberg's gauge looks poised to close 2019 lower. The euro rose a fourth day to the strongest since August 13. There's not a whole lot to say about this. Markets are expecting the consummation of the interim trade deal between the US and China, and funds are trimming longs into quarter- and year-end. It's good news for EM, that's for sure. Both equities and FX have pushed to
One thought on “‘The World’s A Nicer Place When The Dollar’s On The Back Foot’”
The vaunted “Trade Deal” that makes all this land of milk and honey mentality into the reality is a false narrative as it is really only a lull in the trade war……In 20-20 hind site the trajectory of the Dollar will (maybe) tell yet another story…Maybe !!!!