The USD is stronger overall. Economists at Scotiabank analyze Greenback’s outlook. JPY’s stability looks a little curious The JPY’s stability looks a
little curious considering its sensitivity to US yields recently but broader USD gains are looking a bit stretched relative to fair value based on short-term spreads alone,
suggesting the primary driver of USD appreciation is coming from geo-political/market risk influences. The but weakness is unlikely while risk aversion dominates market thinking.
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