Today's themes:
Dollar: recovering after last week's slide, but this looks like consolidation after a roughly 2.6% one-month decline rather than a decisive reversal,...
Canada is facing 50% US tariffs after trade talks collapsed, yet USD/CAD's muted reaction — with oil, bonds, and the Dollar all failing to confirm a Canada-specific stress trade — suggests markets see this as a narrower, contained shock rather than an economy-wide one.
Dollar Is Approaching a Much Bigger Technical Test
Dollar’s selloff is not just about this week’s Treasury buyback announcement. DXY has broken important support and...