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Week Ahead: NFP, RBA, ECB, Greece, USD Funding Squeeze, GBP Pause
With US data improving and Fed tightening expectations firming, our longawaited USD-funding squeeze has finally re-appeared on the horizon. While the body of evidence supporting a ‘V-shaped’ US economic recovery is far from complete, its increasingly compelling complexion has the potential to trigger a stronger USD-funding squeeze in coming weeks. Given USD’s status as the world’s reserve currency, such a squeeze could trigger something of a chainreaction across FX markets – particularly in those currencies more dependent upon historically low US interest rates. Perhaps this chain-reaction has already ... (full story)
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- May 30, 2015 12:33pm May 30, 2015 12:33pm
- EmptyEterniT
- | Joined Jun 2011 | Status: Free Market Austrian Economist | 123 Comments
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- TheTopBloke
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- EmptyEterniT
- | Joined Jun 2011 | Status: Free Market Austrian Economist | 123 Comments