Chasing the dollar
This article is so good
it's for premium members only.
Does that sound like you?
Already a member? Sign in.
PREMIUM
ONLY $30/MONTH
BILLED ANNUALLY OR $35 MONTHLY
All BASIC features, plus:
- Premium Articles: Dive into subscriber-only content, market analysis, and insights that keep you ahead of the game.
- Access to our Private X Account, The Market Ear analysis, and Newsquawk
- Ad-Free Experience: Enjoy an uninterrupted browsing experience.
PROFESSIONAL
ONLY $125/MONTH
BILLED ANNUALLY OR $150 MONTHLY
All PREMIUM features, plus:
- Research Catalog: Access to our constantly updated research database, via a private Dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)
We have witnessed an "epic" dollar short covering post that FOMC meeting a few weeks ago, but the DXY remains inside the mighty range, with 92.5 as the huge resistance to watch.
Shorts have covered, but remain short, some still in healthy size, chart 2.
Nordea points out a few dollar upbeat points worth reviewing;
1, the growth outlook remains stellar2, upside risks to inflation create upside risks for real rates as the Fed will continue to take baby steps towards tightening3, delta fears are creating headwinds especially for EM countries while perhaps also4, creating upside risks for the USD because of "uncertainty"
Shorts have covered, but remain short, some still in healthy size, chart 2.
Nordea points out a few dollar upbeat points worth reviewing;
1, the growth outlook remains stellar2, upside risks to inflation create upside risks for real rates as the Fed will continue to take baby steps towards tightening3, delta fears are creating headwinds especially for EM countries while perhaps also4, creating upside risks for the USD because of "uncertainty"