The Macro Brief: DXY Pullback, US Differentials and USDMXN
Where Macro Meet Markets
The $DXY is down .63% today, and down 1.88% since warning to “be careful” on the 27th. The dollar got ahead of itself, especially following a hawkish Bank of England (BOE) and European Central Bank (ECB).
Problem now lies within the Fed following through on their commitment to raising the fund rates this March or face hell.
Failure to do so, perpetuating …