Discover and read the best of Twitter Threads about #g10fx
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Credit Suisse 1/4: Last week we outlined our reasons for expecting a period of consolidation in #G10FX, having previously been mostly #USD bearish for around 3 months, keeping our key near-term forecasts unchanged (#EURUSD 1.18, #USDJPY 105, #AUDUSD 0.72).
Credit Suisse 2/4: We highlighted factors such as extreme short USD positioning, consensus greenback bearishness and a relative shift in new negative surprises on the Covid news front away from the US and towards other centres such as the EU and Australia.
Credit Suisse 3/4: The debate around US fiscal stimulus also seems to be (very slowly) moving in the right direction towards an acceptable deal, with Senate majority leader McConnell saying he’s ready to support a package despite seeing “some problems with certain parts of it”,
