The sudden pick up in risk appetite is translating to some softness in the dollar as we get things going on the session. The greenback was in a good spot technically to start the...
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Recap of remarks from Fed’s Daly – base case is +50bp in September, open to +75
Earlier: Comments incoming from Fed’s Daly – not only looking at 1 CPI report More from Fed’s Daly: repeats that 3.4% is about right for Fed Funds for the end of 2022 Daly is...
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Dollar-Euro parity may be justified, but the yen is too cheap
How to value currencies through economic theory Interest rates Imagine that you are an investor from Paris. You need to decide which bonds to buy: European or American. You are comparing the offered yield. A ten-year bond...
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Bad news is good news…to a point
It’s hard to say how much the latest price action in markets has been pricing in a soft landing but we got a hint today. The S&P 500 is down 1.1% and there’s a...
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