Greg Gibbs, Founder, Analyst, & PM, Amplifying Global FX Capital Pty Ltd, an Australian financial services company, explained that the failure of the USD to make clearer gains despite near record high yield advantages across a wide range of currencies suggests that there is a sizeable risk premium built into the USD.
Key Quotes:
“This risk premium may reflect the high-risk domestic and foreign policies adopted by the Trump administration, the polarisation of the US electorate and likelihood of a split Congress after the mid-term elections, creating a more unstable outlook for the US and global economy.”
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