Discover and read the best of Twitter Threads about #g10
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Today’s #CPI report continues to depict #inflation that is just too high for most people’s good, especially the @federalreserve’s.
In fact, the report showed that #inflation remains remarkably sticky, which doesn’t correspond to virtually any practical thinker’s timeline of when it might be expected to start to come down further.
These elevated levels of inflation continue to be remarkably high relative to the many months with which the #economy has now operated with persistently higher #InterestRates.
Citibank 1/8: Can US exceptionalism get in the way of the bearish #USD outlook?
US relative growth outperformance versus the rest of the world (US exceptionalism) could see more sustained support for USD. Indeed, Citi analysts find that among their signals,
US relative growth outperformance versus the rest of the world (US exceptionalism) could see more sustained support for USD. Indeed, Citi analysts find that among their signals,
Citibank 2/8: one of the most reliable indicators to predict USD performance is Citi Data Change Index(DCI) spread between US & weighted average of other #G10 economies that currently favours US economic outperformance. US exceptionalism can get in the way of a dollar sell-off by
Citibank 3/8: (1) weakening the equity side of the argument for a weaker dollar, linked to Value vs Growth outperformance should the global economy stumble to the point where US assets and USD’s role as safe haven kick in again OR (2) from very strong US economic outperformance
