top of page

📉Dollar Dragging High-Beta FX Lower: Cable FX Macro

Writer's picture: Rosbel DuránRosbel Durán
  • Noting a 'catch-down' trade in high-beta FX vs peers. CAD/USD, AUD/USD making trading weaker as the former fell to the lowest since 2020. However, these rates remain relatively better when compared to sterling, scandies, and the kiwi

  • The GBP trades down 15.2% to the dollar thi year, the SEK is down 15.6%, AUD and CAD are down 7.7% and 4.5%, respectively

  • We have seen the BBDXY trading higher over the last couple sessions (post-Aug. CPI), the dollar is looking less correlated to volatility and trades closer to rate expectations. 10-yr remains below 3.5%



0 comments

Comments


© 2024

CableFXWHITEdropshadow.png
  • Twitter - White Circle

Investing and trading involve risk. This includes the possible loss of principal and fluctuations in value. There is no assurance that objectives will be met. Do not risk capital that you cannot afford to lose.  

bottom of page