USD: Exceptionalism and Flows Story – BNY

BNY’s Geoff Yu argues that US Dollar (USD) strength reflects a positive terms-of-trade shock and strong trade-weighted holdings, with limited downside rebalancing pressure. BNY’s Geoff Yu argues that US Dollar (USD) strength reflects a positive terms-of-trade shock and str

Bavaria April CPI +2.9% vs +2.8% Y/y Prior

The other state readings released around the same time: Brandenburg CPI +% vs +2.8% y/y prior Saxony CPI +% vs +2.8% y/y prior Baden Wuerttemberg CPI +% vs +2.5% y/y prior North Rhine Westphalia CPI +2.7% vs +2.7% y/y prior Hesse CPI +% vs +2.9% y/y prior More to come.. Th