Dollar trading near multi-month lows, restrained by debt nerves - Reuters

Dollar trading near multi-month lows, restrained by debt nerves - Reuters

Source: Reuters

DW NOTE

The dollar is trading near multi-month lows while the deficit is running at 6% of GDP and the Fed holds rates at 3.5–3.75%. The bond market is pricing a currency managed by people who think you can borrow a fifth of your budget indefinitely without consequence.

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