LONG USD AT SPOT
Updated
NFP reaction has given us a chance to add to USD longs for the medium-term.
Fundamentals haven't changed and are still in play.
Weaker wage growth doesn't change the fact that a structural dollar shortage and monetary policy divergence remains.
Fundamentals haven't changed and are still in play.
Weaker wage growth doesn't change the fact that a structural dollar shortage and monetary policy divergence remains.
Note
Slowly but steadily...
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