Crowded FX Trades Meet Hawkish Curveball

Global markets are consolidating after sharp recent moves, with FX seeing an orderly pullback that still looks more like profit-taking than a true reversal.

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Global markets are consolidating after sharp recent moves, with FX seeing an orderly pullback that still looks more like profit-taking than a true reversal. However, the dollar’s rebound is not purely technical, with demand also supported by Kevin Warsh’s Fed chair nomination.

Video Length: 00:01:45


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