The market has a very consistent forecast for a decline in interest rates and everyone is betting strongly on that. The prevailing expectation is that this may be the last chance to get into the market before rates fall, so we may see a large inflow of dollars in the short-term.
More Quotes from Flavio Datz:
After that, after the central bank sets interest rate policy, you may start seeing the real impact of the end of the currency limits.Flavio Datz
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People are a bit concerned with higher Treasury yields and the possibility that U.S. interest rates will continue to rise.
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