Another great take from BofAML on the roaring US dollar today:
I could not agree more. As EUR tumbles, it’s such a large component of the US Index (DXY) that it automatically rises. That, in turn, puts a lot of downwards pressure on the AUD.
Another great take from BofAML on the roaring US dollar today:
I could not agree more. As EUR tumbles, it’s such a large component of the US Index (DXY) that it automatically rises. That, in turn, puts a lot of downwards pressure on the AUD.
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