⚖️💶Rate Spreads Point to EUR Trading Closer to Parity: Cable FX Macro

• We are noting a historical relationship between our measure of dollar rate spreads and the EUR/USD exchange rate.

• The Cable FX Macro USD Spreads Index has erased declines following the March banking crisis, last read is closer to 131.0

• This level of USD rate spread advantage is related to the EUR/USD trading closer parity