“The USD decline feels solid. It was a long time coming, and fundamentals point to its continued slide. Despite signs that the consumer in the U.S. is still strong (more on this below), inflation is heading lower, fast. Headline inflation in the U.S. on a year-on-year basis is now lower than that of Japan. Let that sink in. True, this only applies to headline inflation and not core, but still,” Acheson noted.
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