Zero % Bids in US Bill Auction !! - Twitter
UBS in talks to acquire Credit Suisse - FT
FED Still Sucking Up > USD 2,000,000,000,000 Daily Via Reverse Repos - St Louis FED
Analysis: Declining U.S. bank reserves add wrinkle to contentious debt ceiling issue - Reuters
First Republic Stock Plunges After Bank Rescue Plan, Dividend Suspension - Wall St Journal
Australian nuclear submarine program to cost up to $368b as AUKUS details unveiled in the US
Nuclear submarines have undone all the great work that Penny Wong put into reestablishing a cooperative relationship with China. And the cost ! And the time it takes to get them.
A country with a trillion dollars in debt cannot afford this.
Short 0.7000
Short 0.7100
Stop 0.6940
Daily downtrend is broken and price now needs to close above the mid Bollinger Band at 0.6710 to invalidate the short-term bear move.
With all that's happening in interest rates, we expect FX to be subdued and look for near-term consolidation.
USD lower in current financial crisis mode is interesting. At what point, or in what event, would a lower interest rate consideration give way to a flight to UST ?
Or is UST actually the problem itself ?