US FX WRAP: Dollar sells off amid risk-sentiment to benefit off high beta FX
The recent dollar sell-off indicates a shift in market sentiment, favoring higher-beta currencies as risk appetite improves.
French mining group Eramet (ERA FP) suspends CFO days after firing its CEO, according to FT citing sources; firing due to divergences on operating methods
TREASURY WRAP: T-NOTE FUTURES (H6) SETTLE HALF A TICK LOWER AT 112-03+
US FX WRAP: Dollar sells off amid risk-sentiment to benefit off high beta FX
US Consumer Credit Change (Dec) 24.05B vs. Exp. 8B (Prev. 4.7B, Rev. From 4.23B, Low. 6.5B, High. 13B)
DoJ investigating in merge probe whether Netflix (NFLX) has engaged in anticompetitive tactics, according to WSJ
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This could result from positive economic signals or easing concerns around geopolitical tensions, prompting flows into currencies like the NZD and AUD. Traders should be alert for any potential reversals in risk sentiment as these can quickly impact the USD's position.
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