I’ll offer my 2 cents (overvalued at that).
Treasury QRA less than expected maybe provokes some USD demand. But maybe they’re lying too. So maybe doesn’t provoke. Increasing threat of escalation in the Middle East? Maybe sees flight into USD.
Fed? Maybe more likely than not they eases off the inflation mantra and start to set market up for limited cuts -> USD negative to some degree.
NFP? who knows. At the end of the day I’m of the mindset its a made up number.
That it’s frolicking around the 200 day fools game levels maybe is no accident in the land of the non-committed….
