💵🔻Dollar Falls The Most In A Year, Posts 2-Sigma Day: Cable FX Macro
- Rosbel Durán
- Nov 14, 2023
- 1 min read
The DXY is set to post its worst daily performance since November 11, 2022. The dollar index is down 1.5% on the day, it has seen losses for three consecutive sessions
High-beta FX lead the group with Antipodes and SEK posting gains above 2.0%, the Canadian dollar and the yen underperform peers as they rise a little below 1.0%
The Cable FX Macro Dollar Index is matching losses seen in July, down 1.9%
The benchmark 10-year yield is lower by 19.9bps, the worst decline since the March banking crisis
Looking back at data running through 2021, today's dollar performance is more than two standard deviations from its mean
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