US Dollar downside has accelerated into Tuesday’s trading session, but the broader DXY Index attempts to stabilize after better-than-expected US PMI data just released by IHS Markit.
<p>This would have been better earlier in the week, but here goes … Via HSBC, analysts there saying its now a ‘Reverse Goldilocks’ environment and time to get out of risk assets:</p>
<ul><li>EIA sees 12.76m bpd this year vs 12.56m bpd prior</li><li>Sees 13.09m bpd next year vs 12.85m bpd prior</li><li>Sees 2024 production exit rate at 13.4m bpd&
Leave a Comment