The upside for the US dollar appears limited as the strong performance of carry trades weighs on funding currencies, including the US dollar. However, changes at...
New pressures on the Federal Reserve (FED), in the form of a subpoena from the US Department of Justice serves to highlight the crosscurrents impacting the US dollar.
Turmoil in risky assets such as equities might have been sparked by concerns about the US economy but, in reality, we think that the rapid unwinding of yen-funded trades...
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