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Currency Point: Looking into the future with the past
video As we move into the second quarter of the year, we need to look at the trends that are likely to feed it by reviewing the past quarter’s work. One currency that was perceived to have had a strong first quarter was that of the USD basket, which march higher after a year of pressure in 2020. Interestingly enough, the Q1 performance of the basket was actually only modest up just 2%. To put that into further context the USD fell 9% in the second half of 2020, so it is still a long way from recapturing its former highs. Considering the incredible rise in long term US treasury yields in the first quarter and the ... (full story)