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French Government on Precipice, Presses Euro Lower
The US dollar is beginning the new week and month on a firm note. It is rising against all the G10 currencies and nearly all the emerging market currencies. US-President-elect Trump's threat to BRICS if they abandon the dollar is symbolic than substantive, as we have argued, despite the occasional claim to the contrary, a BRICS currency is not realistic, and the China has little interest in fostering another competitor to the yuan. Still, like being told by Mexico's President Sheinbaum that migration through the southern US border has fallen sharply and fentanyl deaths have been trending lower for many months, Trump ... (full story)