Short-term pennant has to break one way or the other in the next few days. It’s not going to be US economic data, so we’ll leave it to Trump to determine the immediate direction.
Yields are dipping but USD isn’t. I can’t help feeling that the momentum downwards in USD is over and price is suggesting a move up. With 2 rate cuts priced in already, what would be the reason for the USD to devalue further?