Confucius: the man who broke the mountain was the same man who started ...
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G10 FX Week Ahead: The dollar way or the highway
Excluding today's underperformance, triggered by some disappointing Markit PMI numbers in the US, the dollar is the big winner of this week. Indeed, the greenback presents an attractive carry, the second-best after CAD on a volatility-adjusted basis, safe-haven appeal and has previously been helped by data that keeps pointing at a robust US economic backdrop. However, an alternative perspective is simply that investors are quintessentially lacking alternatives in the G10 space. The outbreak of the coronavirus is still preventing a recovery in the Antipodeans. The CAD and NOK are curbed by both a choppy risk sentiment ... (full story)