"At this stage the whole market is just one massive USD trade"
You are improving Calvo
As I have frequently pointed out, it has definitely been "USD vs The World" lately
Ironically, for the first time in a while, this USD nexus seems to have broken in the past few hours.
USD has made a move up without dragging US500 down with it (yet)
I suppose all eyes on the inflation number for direction
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