Dollar Little Moved as Traders Ignore Risk, Liquidity and Data

Volatility and fundamental conviction continues to deteriorate. Interestingly, the greenback is settling back alongside its more risk-sensitive counterparts. This is actually a positive for the dollar. It’s worth mentioning that an indirect contribution to the dollar’s value is the fact that the slide in interest rate expectations for its largest counterparts is countered by the yield for the US which has little room to fall further.

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