From Crescat Capital
In our view, we stand on the cusp of a major transformation in the foreign exchange (FX) markets: a likely significant depreciation of the US dollar relative to other currencies over the next several years.
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#ForeignExchange #FX #Dollar #depreciation
Fed easing cycles often start with a 50bps cut but it will be at their scheduled Sept 18th meeting, no emergency cut imo. A 50 basis-point reduction is almost fully priced in by the futures market.