It’s All About The Dollar: McElligott

It’s All About The Dollar: McElligott

"It's all a US dollar trade," Nomura's Charlie McElligott said Monday, while recapping the trio of macro drivers which combined to trigger a dramatic turnaround in the previously unstoppable greenback, but which are now all reversing, and threatening risk assets in the process. The cooler-than-expected October CPI print in the US, optimism around the avoidance of a worst-case energy crisis scenario in Europe and speculation on a gradual end to "COVID zero" in China, together delivered a veritab
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