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The US Dollar Remains Bid, While the Euro and Swiss Franc are Sold Through Last Week's Lows
The dollar is bid to start the new week. It has taken out last week's high against the Swiss franc, and the euro has been sold through last week's lows. The divided opposition allowed Ishiba to continue as Japan's prime minister, heading up a minority government. The German government collapses last week. Chancellor Scholz wanted to hold off holding (and losing) a vote of confidence until January, setting the stage for elections, but it seems increasingly likely sooner. Meanwhile, the widening two year-interest rate premium means one is paid more to be long dollars by the most in nearly two years. Among the G10 ... (full story)
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