USD: The Return of King USD

The report highlights the continued strength of the USD amid rising global risk aversion and US rates. It also examines mixed inflationary data from Australia and the Riksbank's policy outlook.

Key Takeaways

• 1.The USD continues to outperform as market participants lean into the 'USD-smile' template.
• 2.Australian headline inflation surprised to the downside, but trimmed mean inflation accelerated, complicating the RBA rate hike outlook.

Table of Contents

• USD: the return of King USD
• Asia overnight
• AUD: Australian inflation provides mixed news
• SEK: just a minute
• Open trade recommendations
• Key events
• FX Research advanced tools

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