Our measures of the dollar vs G10 peers is up 1.4% on the day, this is the best session since mid-February, when the January CPI was released
Despite the sharp increase in our dollar basket, it has yet to top its YTD high, the Cable FX Macro Index last trade was seen at 310.9 (2024 high at 312.5)
On the day, high-beta currencies underperform the most, losses are led by the Australian dollar at 1.7%, the Swedish krona follows down 1.6%
A measure of dollar risk reversals reversed previous declines and is now favouring calls over pus by 22bps on the 1m tenor
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