“It sounds quite radical”.
“We are looking at numerous different things”.
“The Fed must be happy”, TD’s Priya Misra said this week. “Well, at least pleased that the market has heard them”. There’s a sense in
It’s not surprising to see a bit of a regime flip, if only for a day.
“We may be in an era where financial markets have become desensitized to big percentages, but…”
Of “foiled” plots and valuable, gas-rich allies.
“…a hugely damaging move.”
“…potential negative surprises.”
Call it a requiem. Or a pseudo-lament. Or maybe just an obituary dressed up as an FX strategy piece. But whatever you want to call
Where to now?
One more time: It’s much safer out there when the dollar isn’t going vertical.
The new facilities will be in place for “at least six months”, the Fed said Thursday.
“FX remains untradeable”.
“The moves smack of massive de-leveraging and a run into dollar cash”.