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Bullitt
03-18-2020, 08:54 AM
$USD breaking out from large base after bear trap from two weeks ago. No overhead resistance until 104 or so.

FX markets showing indications of the forced liquidation.

45735


...banks are also hoarding dollars, as they worry about companies defaulting or asking to borrow more. This overwhelming demand has meant that the cost of dollar funding keeps creeping higher, despite the sweeping measures taken by the Fed.

https://www.ft.com/content/3ee752c6-684e-11ea-800d-da70cff6e4d3