Credit Agricole: Unraveling the reasons behind the USD’s recent underperformance

DXY daily Synopsis: Despite its historical strength and the ‘USD smile’ framework, the USD’s recent subdued performance has left market observers questioning the continued applicability of this model. Credit Agricole delves into the factors affecting the USD’s momentum and highlights the potential paths for the currency moving forward. Key Takeaways: Synchronized G10 Rates and Yields: