BREAKING 🚨: China
Chinese Yuan plunges to its weakest level against the U.S. Dollar in more than 12 months Source: Barchart
BREAKING 🚨: Brazil Brazilian Real has collapsed to an all-time low against the U.S. Dollar
Source: Barchart
The Russian Ruble has fallen 71% against the US Dollar over the last decade
Source: Visual Capitalist
Which assets are most correlated to the USD?
The U.S. dollar (USD) has weak correlations with major U.S. equities like the S&P 500 and Apple 💵 Source: @OANDA and Visual Capitalist https://lnkd.in/eFccw27e
Russian Ruble is imploding 📉
Source: Barchart
The similarity between the Dollar rise since the election and what happened in 2016 is uncanny.
In both cases, the Dollar was by this point closing in on a 4% rise, with an ultimate rise of around 6% by the end of the year. So - if 2016 is a guide - there's another 2% to go now. Source: Robin Brooks
🚨 The “Euro swap cash basis” is negative for the first time since its creation in 1999.🚨
👉 It reflects the difference in cost between borrowing money in euros and the cost of swapping it to another currency, like U.S. dollars. 👉When it’s negative, it means borrowing in euros and swapping it to dollars is unusually expensive or difficult. 👉The fact that it’s negative for the first time since 1999 suggests that dollar demand is at an all time high🥤 Source: BowTiedMara @BowTiedMara
Ahead of US elections, Yuan’s overnight implied volatility is going through the roof
Source: David Ingles, Bloomberg
