- With the economy still gripped by the latest recession, and oil prices rising worldwide as supplies continue to be squeezed, Brazilians have been caught in the vise between fuel prices and unemployment.
- In terms of US Treasuries and their yield curve, currencies have turned in more like the front-end bills and have stopped their concerted relationship liking what's been offered in longer UST notes or bonds.
- We shouldn't be surprised if the dollar does begin to rise more forcefully, especially if what's indicated by bill yields keeps up.
For further details see:
The Dollar, Not How Much But How Long, Therefore How Familiar