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Forex

FX Monthly Deep Dive Update

John J. Hardy
Global Head of Macro Strategy

Summary:  The US dollar is strong and the current dynamics driving USD liquidity issues would likely continue to drive an ever stronger exchange rate. But at some point, we are likely to see a dramatic policy pivot that could reverse the strength and prove the beginning of a long weakening process. John discusses this and several other FX market themes in this extensive update.


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