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The unpredictable pendulum of sentiment in foreign exchange markets is starting to swing back the other way against the mighty US dollar, as recent US economic data (and revisions of previously announced data) prints almost universally on the softer side. The weaker data always brings forward the timing of US interest rate cuts and thus depreciates the USD. ...
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The pandemic housing boom means Americans have more home equity than ever. Households have added roughly $12 trillion in home equity since the end of 2019: chart To put this number in context, there was only ~$6 trillion in home equity following the bursting of the housing bubble following the Great Financial Crisis. Out of the $32 trillion in total ...
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