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⚖️💵 Dollar Catching Up With Yield Spreads: Cable FX Macro

  • The Bloomberg dollar index is up 0.5% on the day, last 1,345.70. This follows heavy trading in the dollar, seen since Monday session

  • For the first time in weeks, we saw interest rate spreads favouring the dollar while it traded lower. However, the dollar has seen a comeback since late AsiaPac, the gains are more evident vs low yielders, CHF down 0.9%, SEK down 0.7%, EUR down 0.7%


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