Monday session saw bonds getting bid, equities closing lower from ASIAPAC to NA. However, dollar performance was mixed. The USD gave ground to low yielders, CHF and JPY the largest beneficiaries
Looking at a 6-month history, USD has the highest beta in G10 to volatility spikes. Meaning risk off sentiment tends to see dollar preferred vs. the G10
The Cable FX Macro G10FX Trend Tracker® ranks the AUD and CAD with the worst momentum in the group, falling for two consecutive weeks vs. JPY. GBP, NOK and USD reversed losses
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