US trade deficit just dropped at -$105.6B vs. expected -$100.8B (prev -$92.8B)
Worse than estimates. Dollar weakness incoming? Fed's got less room to play hawkish if this keeps bleeding.
Watch $DXY and risk-on assets. If USD dumps, crypto could catch a bid.
Worse than estimates. Dollar weakness incoming? Fed's got less room to play hawkish if this keeps bleeding.
Watch $DXY and risk-on assets. If USD dumps, crypto could catch a bid.