Meanwhile in markets, FX traders are going places while bond and equity traders are still snoozing. Dollar weakness is the go-to trade these days, with the greenback adding to last week’s losses against both the majors and EM FX this morning. EURUSD briefly topped 1.17 for the first time since May 2018. And let’s not forget that on a nominal trade-weighted basis the euro is at its highest level since the spring of 2014.

 

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