USD
Exclusive USD - on the defensive
As we have argued before, the USD’s position as the dominant invoicing currency around the world should offer it some protection from wobbles in the US Treasury market.
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Exclusive USD/JPY - respite
There is a lot of common ground between Japan’s MoF and the US Treasury.
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Exclusive USD - debt
If the pressure on global bonds continues, it could be a test of the USDs safe haven status.
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Exclusive USD - oil prices and the Fed
The US’s energy exporter status likely helped renew the USD’s safe haven credentials at the start of the Iran war
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Exclusive USD/JPY - whose problem?
FX markets were dominated at the start of the week by the news of the concerted intervention by the Japanese and US governments to soften USD/JPY.
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Exclusive USD - is the rally over?
The USD is the worst performing G10 currency on a 5-day view, with the DXY dollar index having lost around 2% since its late July levels.
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