We're seeing risk catch a bounce after a solid recovery in trading yesterday, helped by this very vague comment by Trump on China. I think you can sort of see how desperate the market is for some relief.
But for now and for today, we are seeing the dollar hold up a little at least. However, that is not to say that the greenback is poised for a stronger showing. We can see how yesterday that a bid in US stocks and Treasuries did not translate to anything meaningful for the dollar as it still got sold. If anything, it shows that there is still some anxiety in broader markets.
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