Foreigners always sell USD assets during a crisis!
It has nothing to do with a "lack of trust" in the US Economy but rather that those foreigners NEED the USD liquidity.
Expect big purchases of USD assets in to the global rebound!
More in FX weekly -> https://t.co/9x5MAPkYj1 pic.twitter.com/5voliJ6TPR
— Andreas Steno Larsen (@AndreasSteno) August 9, 2020
I’m gonna add this chart to “the most bullish charts” list
h/t @Callum_Thomas pic.twitter.com/KtffWlg6pq
— Alessio (@AlessioTMAD) August 9, 2020