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: FX markets are trading like the US threat of a tariff bump on Chinese goods slated for Friday is merely Trump bluster. They appear to be hoping for a last-minute reprieve, and they aren’t likely going to get it.