Comments on the Fed, the USD, NFP, year end … a bit of everything!

Author: Eamonn Sheridan | Category: Central Banks

Just a few snippets (collated via Bloomberg) from around the place on the US and the USD

  • The dollar is still a safe haven for many investors

to support the USD in the near term

  • suspect the yen will outperform if safe-haven demand persists

Deutsche Bank

disappointing November employment data, but

  • the fear of another big risk-off day in coming weeks is itself limiting willingness to go short USD


  • always a natural demand for dollars as you head into year-end


  • data points to softer China and EU
  • implies that global demand is still soft
  • US economy slowing
  • dollar's liquidity trumps until we see signs that the slowdown outside the U.S. is abating
  • miss in monthly wages supports the Fed's dovish pivot over the past few months
  • this should support a softer dollar tactical view for the time being
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