technical breakout on short term window , good risk reward in long kiwoi
With focus shifting to new fiscal policies in the US, we think both US real yields and the US dollar are in a bottoming process, which leaves us neutral on the USD. We remain committed to risk-on, and continue to look for steeper curves in the US and higher US rates relative to Germany. Currency & Foreign Exchange We turn neutral on the USD amid rising US fiscal...
• We noted last week that the USDCAD sell-off was running out of momentum and, indeed, the USD looks poised to close higher on the week through the close of business today for the first time since early July. This has the makings of a meaningful technical reversal, with the USD moving above key trend resistance (more on this below), and the USD rebound coincides...