Martin Enlund writes……“On another dollar-positive note, the debt ceiling deal has changed the near-term dollar liquidity outlook. This is good news for the dollar via a tightening of dollar liquidity, but it is dovish news for the Fed. Sure, getting the debt ceiling out of the way means less economic-political uncertainty which is hawkish news, but we think the tightening of liquidity (visible in FRA/OIS spreads) more than offsets this.”
Read Full article below
https://e-markets.nordea.com/#!/article/50487/fx-weekly-lagarde-better-practice-her-rhine-dancing