FAST FIVE: "When, Not If" – Trader Warns The Dollar Is Far More In Play Than It Looks

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Where — and, perhaps even more importantly, why — the dollar moves will affect how these other currencies ultimately behave.

Unless you think a big chunk of fixed-income pricing is also a safe-haven trade, and doesn't really reflect a fair representation of policy expectations.

A look at the Eurodollar and Euribor strips tell a great story.

But consider where both tenors started.

By Wednesday, risk-reversals were showing “dollar downside bets are waning”.

Categories: ZH