With focus shifting to new fiscal policies in the US, we think both US real yields and the US dollar are in a bottoming process, which leaves us neutral on the USD. We remain committed to risk-on, and continue to look for steeper curves in the US and higher US rates relative to Germany.
Currency & Foreign Exchange
We turn neutral on the USD amid rising US fiscal stimulus odds and crowded USD sentiment, closing short USD vs EUR , and getting long EURUSD .
There is good confluence on the Monthly , Weekly and Daily charts.
Currency & Foreign Exchange
We turn neutral on the USD amid rising US fiscal stimulus odds and crowded USD sentiment, closing short USD vs EUR , and getting long EURUSD .
There is good confluence on the Monthly , Weekly and Daily charts.
Comment:
euro breaks 1.22
Comment:
taking full profit on the euro