If the selling continues and focus is not diverted somewhere else, questions will soon be asked regarding whether more regional banks will fall.
There are a couple of explanations as to why the USD can afford to ignore the US GDP slowdown – for now. Despite the data announcement on headline achieving anything but limiting prolonged concerns around a recession.
The Oil price is very much in focus once again today as investors await more global data releases
Time has always shown that previous expectations of a USD collapse in international finance has been premature. This time is unlikely to be different.
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Former Fed Chair and current US Treasury Secretary Janet Yellen has once again provided a warning to investors
Neither the Republican or Democratic party can afford to be blamed for the unbelievable global uproar the U.S running out of money would create.
Heading into next week, expect for US debt ceiling negotiations to dominate all news flow.
As we approach the second half of the month, trading sentiment for global markets from a theme perspective could be a stronger Dollar.
This situation has overall become such a seasonal issue in headlines that no one is really pricing in a realistic probability that the largest economy in the world will actually default.
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