- Puzzled by weak price action of USD tonight. USDX now at 0.8513, down 0.9% on the day. Initial claims numbers showing weak jobs market.
- Previously, Risk Off = USD up.
- Am wondering if we are about to get a change in FX behavior ie weak US economic numbers = weak USD.
- ie Double dip = Lower equities, lower yields + lower USD. Not sure. Need to watch this closely.
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