Sunday, January 24, 2021

HSBC on the USD, say entrance finish charges should be increased to matter for FX

A snippet from HSBC on the US greenback, analysts there are usually not satisfied the current rise in US yields (not referring to Tuesday US time, clearly) are greenback supportive.

Say that G10 currencies are nonetheless extra aligned to threat sentiment than
to relative-rate differentials

  • excl-USD/JPY “probably the most
    current relationship between the foreign money and threat urge for food as
    measured by the S&P 500, is stronger than the connection
    between the related 2y yield differential”
  • “For charges to matter
    extra for FX, both the extent must be even increased or the front-end wants to start out transferring extra”  

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