RT @DJJudd: In remarks, President Joe Biden says he spoke to Jimmy Carter last night. George W. Bush, Bill Clinton, and Barack Obama are on… (4 hr ago)
@harley_slamm @FX_Button Seriously?? You're still using the Army argument? this is 2021. "Army" may soon undergo th… https://t.co/D2UtkY11hC(yesterday)
Then you wonder how/why so-called "neutral" Switzerland passed a referendum to allow investment in defence companies https://t.co/mxoQxXqeiv(yesterday)
Paris Club extends debt suspension to Samoa and Zambia. USA by mid 2022. (yesterday)
"We do not seek a lower US dollar, we just want higher inflation to erase the value of our lenders' holdings, but r… https://t.co/zqqenck3Iw(yesterday)
US dollar is well off its highs after Janet Yellen reiterated the importance of allowing market-determined exchange rates and sticking with the status quo order of FX dynamics. The fact that she did not reiterate the long-touted "strong USD policy" expressed since the mid 1990s may allow for further decline in the greenback. Elsewhere, CAD dropped to start the week on a report saying Biden will halt the Keystone XL pipeline but more than actions themselves, the market will be looking at Biden priorities domestically and abroad early in his term. The chart below dissects EURUSD futures positioning into gross longs and shorts, highlighting the direction and similarity/dissimilarity between now and 2018.
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Latest Hot-Chart - Dec 18
2020 FX & Commodities YTD Performance
What a miserable year for the US dollar. As goes the December as went the year in FX, while silver & soybeans topped commodities, as oil & coffee ranked bottom in the % Change YTD league..
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