The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
FX Trader, Loonieviews.net
Summary: The US dollar is grinding lower in slow dancing, low tempo moves. Traders are timidly optimistic and hoping for a risk-seeking rally to fuel G-10 currency gains against the US dollar.