USD 06 (Nov 15 - Dec 25)

[behappyalways]

Should not be a surprise.

THE USD remains as the world's currency

https://twitter.com/AyeshaTariq/status/ ... 8992949277

[behappyalways]

The petrodollar agreement is history! Why is Saudi Arabia so brave?

'24.06.14【觀點│龍行天下】Pt.3 石油美元協議走入歷史！沙特為什麼這麼勇敢？

https://m.youtube.com/watch?v=F0KEeqFaM8s&t=25s

[behappyalways]

The dollar is weak, the United States is strong?
What did Trump think?

24.07.23【豐富│東南西北龍鳳配】Pt.1 美元弱，美國強？川普咋想的？

https://m.youtube.com/watch?v=8DUXuPhNW_8

[winston]

Speculative traders turn short dollar as Fed rate cuts loom

SPECULATIVE traders turned bearish on the dollar for the first time since February as the Federal Reserve looks set to kick off its easing cycle in September.

Traders have wagered some US$9.8 billion tied to more losses for the dollar, the most since January.

At the same time, leveraged funds took a bullish stance on the euro and started betting against the Mexican peso.

Source: Bloomberg

https://www.businesstimes.com.sg/compan ... -cuts-loom

[winston]

USD rally continues as jobless claims fall to seven-month low (Reuters)

What’s our take?

Continued USD strength could mask the impact of tariffs.

The outlook for the USD, interest rates, inflation and trade is getting complicated.

Global investors believe Donald Trump’s election win will be good for the US economy and stock market. That’s one reason for money to flow into the USD.

The other reason is that Trump’s campaign promises are generally regarded as inflationary, which would result in higher interest rates and make the USD more attractive than other currencies.

If the USD continues to rise, it would make imports cheaper for US consumers — and that could offset the effect of a 10% tariff — though not a 60% tariff.

If the oil price remains under pressure, that could also offset the impact of tariffs.

Trump wants to ‘drill, baby, drill’, which would pressure the price - eventually. It’s not quite as simple as turning the tap on or off.

To complicate matters more, Trump actually wants a weaker dollar to make US exports more competitive. He might struggle to get everything he wants.

Source: Simply Wall Street

[winston]

Dedollarization?

The US dollar still accounts for approximately 88% of all trades in the $7.5 trillion-per-day foreign exchange market, with the greenback’s share in global foreign exchange reserves dipping below 60% lately.

BRICS members control north of 40% of central bank reserves globally, account for approximately 25% of global oil demand, and have been increasingly interdependent in commodity trading as sanctions pushed Russian flows to India.

Source: Oil Price

[behappyalways]

The United States may face a debt ceiling crisis.
Will Trump abandon the weak dollar policy?
How long can the Japanese yen stay cheap as the U.S. dollar continues to strengthen?

美國恐面臨債務上限危機 川普放棄弱勢美元政策？美元持續走強 日幣還可以便宜多久【Yahoo TV】

https://m.youtube.com/watch?v=-AuDt9lwUJ0

[behappyalways]

Dollar's Share Of Global Reserves Hits 30-Year-Low As Central Banks Pile Into Gold, Alternates
https://www.zerohedge.com/markets/dolla ... alternates