Fundamental OverviewThe USD continues to reign supreme despite the lack of catalysts. The main culprit for the recent strength in the US Dollar has been the rally in long term Treasury yields. The yield curve is bear flattening which is what you would expect with higher growth and potentially higher inflation expectations. The catalyst for this was of course the latest FOMC decision and the US NFP report added fuel to the fire. There’s also been a good argument that the markets are already positioning for a Trump victory which is expected to strengthen the higher growth and less rate cuts expectations. For now, this is the trend and it’s generally a bad idea to fight such trends without a ca
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