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Dollar Debasement Trade: Commodities and EM Currencies Surge

Bloomberg Read original source (opens in a new tab)
The Story

News Summary

  • Emerging market currencies and commodities are rallying as investors rotate away from the dollar amid concerns over US debt monetization and debasement.
  • This divergence breaks the traditional positive correlation with rising US yields.
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Stored market data

EURUSD price history

1.15 -0.86% over the displayed period

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