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Macroeconomic sentiment from the U.S. is rebounding the most as the index rises 30 points over the last 20-days (right-lower), it led the one-week change but remains in negative readings (left-lower chart). However, the stabilization from the lows leaves the U.S. in a far better position Canada and Europe
The top table shows a variety of indicators for the G10. The U.S. leads in output growth vs its peers and despite the increase in the jobless rate, it remains lower than half of the group. Also, rate spreads continue to favour the dollar, shown in the 10y benchmarks column
In conclusion, if Fed's pricing is fair, then we should see other central banks easing starting to reflect in the curve (RBA, ECB, BoE)
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