Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Chief Macro Strategist
Summary: We have an odd menu of breakout candidates today, with no distinguishable theme as traders chase individual stories. Sterling took a back seat to developments elsewhere, while the Swedish krona pushed higher on positive data.
Page 2: USDTRY and USDTHB are the emerging market pairs closest to or at breakout levels as of this writing.
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