The peak for both Dollar and 10-year yields is in – SocGen

FXStreet Insights Team FXStreet

A burnt market is wary of selling the Dollar, Kit Juckes, Global FX Strategist at Société Générale, reports.

The US is still waiting for its Roadrunner moment

Last week’s data has done a lot to persuade me that the US economic cycle has finally turned, and the peak for both Dollar and 10-year yields is in, but it’s clear that the market collectively is very worried about being caught out again.

I suspect that economists will need more convincing than I do, that the US outlook has changed. It brings to mind an image of Roadrunner sprinting off the end of a cliff and hanging above the abyss for an unreasonably long time.

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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